S&P 500 sales growth is at a nearly 5-year high. Here’s what’s behind the surge.

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Earnings Watch
S&P 500 sales growth is at a nearly 5-year high. Here’s what’s behind the surge.
Energy companies in the S&P 500 have put up a 42.5% revenue gain in the second quarter, powering the index’s sales performance
While Big Tech companies are driving the S&P 500’s profit growth to an abnormally high level this earnings season, energy companies are helping spur what could be the index’s highest sales growth in years.
With most second-quarter earnings reports now in the books, sales gains for S&P 500 SPX companies are on track to reach levels not seen since 2021.

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