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Benzinga
Benzinga
Business
Shanthi Rexaline

Q2 Earnings Season: Energy Likely Limited Downside; Here Are The Leading And Lagging S&P 500 Sectors

The second-quarter reporting season is upon us, and the second quarter has been a tricky one for companies to navigate. COVID lockdowns in China – a nation often called the "world's factory," the war in Ukraine and skyrocketing inflation served as recipes for a looming disaster.

Profit Slowdown In The Cards: The year-over-year profit growth of S&P 500 companies will likely decline to 4.3%, the slowest since the 4% growth in the fourth quarter of 2020, Factset said in its weekly "Earnings Insight" report.

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