Total earnings for the 106 S&P 500 members reporting Q4 results are up +14.9% from last year, with +7.9% higher revenues. Tech sector leads growth, contributing to +5.5% earnings growth for S&P 500 index. Q4 earnings for ‘Magnificent 7’ companies like Meta, Microsoft, and Tesla expected to rise +17.1% from last year.

Q4 earnings season shows improving outlook with favorable estimates revisions for economically sensitive sectors. Tech sector drives growth, accounting for 36.1% of S&P 500 earnings. Positive trend in Tech sector attracts strong market following. Earnings growth for S&P 500 drops to +5.5% without Tech sector’s contribution.

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Read more at Nasdaq: Zacks Earnings Trends Highlights: Meta, Microsoft and Tesla