2/5

UPRO Rises 1.27% on Strong Earnings in Tech, Banks, and Health Care

The S&P 500 futures are benefiting from a strong earnings season, with U.S. investment-grade issuers reporting a notable 14.2% y/y earnings growth, excluding the Energy and Finance sectors. This robust performance has been driven by sectors such as Technology, Banks, and Health Care, which have exceeded expectations with a 5.5% earnings surprise. The positive earnings results have bolstered investor confidence, contributing to the upward momentum in the S&P 500 futures. As the earnings season continues, these results highlight the resilience of U.S. corporates in navigating a challenging economic environment.

The ProShares UltraPro S&P 500 ETF (UPRO) rose 1.27% to $95.68 as of 4:40 PM on Wednesday, February 5.