Research Summary
This report provides a recap of the Q2 earnings season, focusing on the performance of the S&P 500 and the Nasdaq-100. It highlights the blended and actual earnings growth for both indices and identifies the best and worst-performing sectors within the S&P 500.
Key Takeaways
Performance of Major Indices
- Blended Earnings Growth: The report indicates a decline in the S&P 500 (SPX) blended earnings growth by -4.10%, while the Nasdaq-100 (NDX) saw an increase of +17.47%.
- Actual Earnings Growth: Similar trends were observed in actual earnings growth, with the SPX showing a -4.12% decline and the NDX a 17.45% increase.
Sector Performance within S&P 500
- Best Performing Sector: The Consumer Discretionary sector emerged as the best performer within the S&P 500.
- Worst Performing Sector: Conversely, the Energy sector was the worst performer within the same index.
Actionable Insights
- Monitor Sector Performance: Given the varying performance of sectors within the S&P 500, it may be beneficial to keep a close eye on sector trends for potential opportunities.
- Consider Index Performance: The contrasting performance between the S&P 500 and the Nasdaq-100 suggests the importance of considering index-specific factors when evaluating market trends.
