The S&P 500 futures are experiencing a positive momentum driven by robust earnings reports as the fourth-quarter reporting season unfolds. According to a BofA Global Research report, U.S. investment-grade issuers have demonstrated a +14.2% y/y earnings growth, excluding the Energy and Finance sectors. The earnings have surpassed expectations by +5.5%, a significant improvement over the previous quarter's surprise. Technology, Banks, and Health Care sectors are leading this earnings surge, contributing to the overall positive sentiment in the market. These developments highlight the resilience of U.S. corporates despite the challenging economic environment.
The Invesco S&P 500 Equal Weight ETF (RSP) closed at $181.35, marking a 0.49% increase from its previous close of $180.47 as of 16:40 on Wednesday, February 5.