Market Snapshot – Week ending February 9th

Earnings reports drove the markets higher this week led by positive results from technology providers, automakers, and pharmaceutical companies. Financial data company Factset is reporting of the S&P 500 companies that reported fourth quarter 2023 results 77% reported earnings above estimates and 65% reported revenue above expectations. With 67% of the companies already reporting earnings, the year over year earnings growth rate for the S&P 500 is currently at 2.9%.  Read the full snapshot.

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