S&P 500 adds to mid-October rebound from bear market low

each adding about 1% ahead of their quarterly reports after the bell as investors bet that a relatively strong start to third-quarter earnings season will continue.is up about 8% from its closing low on Oct. 12, and a close at its current level would mark the index's third largest gain from a low so far in 2022's bear market. Tuesday's gains put the S&P 500 about 10% above its intra-day low on Oct. 13.

Earnings expectations have also sunk this year, with analysts on average expecting S&P 500 companies to increase their adjusted earnings per share by 6.8% in 2022. That compares to an estimate of 9.5% in July.Still, third-quarter earnings season so far has been better than expected, with nearly three quarters of the 129 companies in the S&P 500 exceeding earnings per share estimates, according to Refinitiv data.

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