AI-Driven Mark-to-Market Gains Propel S&P 500’s Strong Second-Quarter Earnings
S&P 500 companies are closing out a notably strong second-quarter earnings period, driven in substantial part by large mark-to-market profits at AI-related firms. Aggregate S&P 500 earnings are on track for a 52% year-over-year rise, buoyed by a 74% jump in the technology sector. However, removing unrealized investment gains narrows the estimate to…
