PRESS ROOM
July was a good month for equities
Friday 05th August '22
According to FactSet’s earnings insight as of 29 July 2022, 56% of the S&P 500 companies had reported their second quarter earnings. Out of these, 73% reported positive earnings surprises, i.e., earnings above expectations. Moreover, with the Federal Reserve (Fed) indicating rate rises may slow down in the coming months, equity markets have breathed a sigh of relief. The S&P 500 Index was up 9.1% in July while the NASDAQ 100 Index was up 12.5%.