PRESS ROOM
US equities make gains on strong second quarter earnings
Friday 30th July '21
The S&P 500 Index has continued to reach new highs in July as encouraging second quarter earnings have added further stimulus to the rally. According to FactSet’s earnings insight of 26 July 2021, the blended (combines actual results for companies that have reported and estimated results for companies that have yet to report) net profit margin for the S&P 500 for Q2 2021 is 12.4%, which is above the year-ago net profit margin and above the five-year average net profit margin (10.8%).