From Amazon to McD's, Earnings Mark Strong Spending

Roughly half of the S&P 500 companies have reported results thus far, with more than 77% exceeding results. But of that group, consumer discretionary companies have been the biggest surprise, on average exceeding earnings-per-share estimates by 19%, according to LSEG I/B/E/S data.

Including Monday's gains, the S&P 500 consumer discretionary index is up nearly 19% this year, far outperforming the broader S&P 500, which is up nearly 8%. On the whole, 251 S&P 500 companies have reported results, with 77.7% coming in above analyst expectations, compared with an average of 67% in a typical quarter, according to LSEG data.

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