S&P 500 closes higher Monday to kick off a busy earnings week: Live updates

📆 18/04/2023 01:03:00
📰 CNBC

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The S&P 500 rose Monday as traders combed through the latest batch of corporate earnings results, searching for clues on the health of corporate America. The Dow gained 0.30%. The S&P 500 rose 0.33%. The Nasdaq was up 0.28%.

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The asset manager reported $1.52 in earnings per share on $3.10 billion in revenue. Analysts surveyed by Refinitiv were expecting. $1.64 in earnings per share on $3.12 billion in revenue. Of the 30 companies that have reported so far, 90% have beat earnings per share expectations, marking the best beat rate after week one since at least 2012, wrote Savita Subramanian in a Monday note to clients.

Overall, consensus expectations are calling for a more than 7% decline in first-quarter earnings for the S&P 500 year over year, she noted.

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