Earnings season is almost over. The sector with the best news has been energy, as fossil-fuel companies benefit from sky-high oil and gas prices.
There are many moving parts in this new environment as the economy continues to move past the coronavirus epidemic, during which business conditions were changed by government stimulus, the work-from-home trend and other factors. Nvidia, an investor darling with a 318% share-price increase over the past five years, blamed the disappointing results, in part, on “macroeconomic headwinds” and “challenging market conditions.”
But among the S&P 500, 87% of companies had reported results for fiscal quarters ended May 15 or later through Aug. 8, according to FactSet.
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