Stocks were headed for their third consecutive winning week, fueled by muted inflation numbers that, for now, have dampened expectations of an interest rate hike. That’s allowed investors to focus on corporate earnings, which continue to beat expectations.
According to FactSet, over 90% of S&P 500 companies have posted earnings. Year-over-year earnings growth is tracking around 50%. Many of those names continue to be in the AI trade, where software and memory stocks continue to lead the way.
