The second quarter of reporting in the United States is coming to an end, and the S&P 500 has shown impressive results: profit growth of 13%, reaching the highest rate since the 4th quarter of 2021. The growth leaders were the technology, finance and healthcare sectors, each of which significantly exceeded expectations, demonstrating profit growth of more than 20%. At the same time, only two sectors — raw materials and real estate — reported lower profits. In addition to increasing profits, the S&P 500 index showed signs of positive rotation. This means that investments are distributed more evenly between different sectors, which is an encouraging signal for investors who fear over-reliance on technology stocks. Charles Schwab data confirms this trend: over the past month, the S&P 500 index has surpassed 61% of stocks, while over the past year this figure has been 14%. Nevertheless, the Magnificent Seven, a group of seven technology giants, continues to show strong momentum. According to the analysis, since the publication of the US inflation report on July 11, this segment has outperformed the other 493 stocks in the S&P 500 by 14 percentage points.
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