S&P 500 Earnings Growth Nears 30% as Tech and Energy Lead

S&P 500 earnings growth is tracking near 30% year over year, but technology and energy account for much of the expansion as profit growth slows across other sectors. The split is emerging as the U.S. third-quarter earnings season gets underway. Oil companies are expected to benefit from elevated crude prices, while technology companies continue to generate revenue from artificial-intelligence investment and infrastructure spending. Earnings growth outside technology and energy is expected to slow to 7% in the third quarter from 12% in the second quarter.

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