2/5

SH ETF Flat Amid Strong S&P 500 Earnings Performance

The S&P 500 futures have been buoyed by strong 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. Earnings have surpassed expectations by 5.5%, a notable improvement over the previous quarter's 2.5% surprise. The Technology, Banks, and Health Care sectors have been at the forefront of this earnings momentum, contributing to the positive sentiment in the market. These robust earnings results highlight the resilience of U.S. corporates despite ongoing economic challenges.

The ProShares Short S&P500 ETF (SH) experienced a slight decline, closing at $41.34, down 0.39% from its previous close of $41.50, as of 16:40 on Wednesday, February 5.