S&P 500 companies show strong health as 79% of reporting firms surpassed second-quarter projections.
UBS Global Research projects overall Q2 revenues will grow by 13.5%. Earnings-per-share (EPS) across the index are expected to increase by 27.7%.
The Energy sector leads growth with an expected EPS increase of 125.4%. The Technology sector follows with a projected EPS gain of 48.9%. Energy and Tech are the only sectors anticipated to outpace the broader index.
Amazon and Microsoft beat estimates, while Apple's results disappointed some investors. These mixed results highlight a performance divergence among the market's largest companies.