Second-quarter earnings for S&P 500 companies now are estimated to have fallen 6.4% year over year. While still negative, the forecast is an improvement from the 7.9% drop estimated a week ago.companies and projections for the remaining components. About 79% of reports are beating analysts' earnings expectations.
"It's mixed, but you've had a lot of high-profile companies that beat," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.
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