Third-quarter US earnings now seen growing 4.3% year-on-year -LSEG data

NEW YORK - U.S. third-quarter earnings estimates are looking more optimistic, with overall S&P 500 earnings expected to have increased 4.3% from a year ago, LSEG data showed on Friday.

A slew of big-name S&P 500 companies reported results this week in the busiest period of the quarter's U.S. reporting season. Among them was Intel, whose results late on Thursday showed adjusted earnings that beat analysts' earnings expectations. Microsoft this week also reported stronger-than-expected results.

The S&P 500 is down about 3.7% for the month so far, while the Nasdaq is down about 4% in that period. Warren Buffett's company owns a piece of Chevron, which just struck a deal to acquire Hess, a key player in Guyana's oil boom.Your TFSA can be taxed, but it likely won't be if you hold a small position in Royal Bank of Canada stock. The post Think Your TFSA Won’t Be Taxed? Think Again appeared first on The Motley Fool Canada.

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