Stock market news today: S&P 500 falls for 2nd day amid earnings

The S&P 500 so far this year has gained more than 4% after tumbling 19% in 2022.

"For three weeks, that's a pretty healthy start," John Porter, chief investment officer of equities at Newton Investment Management, told Insider. However, there will be continued pressure on earnings projections for Corporate America, he said. "A month from now … we're probably going to see another two, three, four percent taken out of earnings expectations for this year. That's a hurdle for equities," he said."They don't tend to perform well in an environment where expectations are already down … [and] any expectations around the Fed cutting rates are woefully premature at this point."

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