The markets are trending positive, after an earnings season that was less grim than predicted. With a majority of S&P listed companies having reported Q2 results, the fall-off in profits was not as bad as expected. On average, earnings are down 36%, a favorable comparison to the expected 44% declines. Even better, close to 85% of reporting have beaten the forecasts. This is an all-time high percentage, and a great sign of economic health despite the corona virus crisis.The better-than-expected earnings season is having a ripple effect in the stock markets. The S&P 500 and the NASDAQ indexes are both …read more
Source:: Yahoo Finance
