S&P 500 companies are on track for a 13.4% earnings growth rate in Q3, with 83% beating expectations. The standout is the highest revenue growth rate in three years at 8.4%, led by Health Care, Financials, and Consumer Discretionary sectors like Cardinal Health, Morgan Stanley, Ford, Amazon, and Tesla.

Tech highfliers like Nvidia are experiencing slower earnings growth, with the “Magnificent Seven” reporting an 18.4% growth rate for Q3, the lowest since Q1 of 2023. Meta Platforms’ negative EPS surprise contributed to lower overall earnings growth, despite four companies being top contributors to S&P 500 earnings growth.

Read more at Yahoo Finance: S&P 500 on track for highest revenue growth in 3 years; reports from Deere, Zoom ahead