News Summary

• The S&P 500 is on track for a 52% surge in aggregate second-quarter earnings from ‌the year before.
• The figures include big mark-to-market boosts at Alphabet and Amazon, ‌both of which recognized large gains in the period on investments in AI highfliers.
• Goldman Sachs strategists said this month that AI infrastructure stocks account for roughly a third of S&p 500 earnings per share growth for the second quarter.
• Some 85% of companies are beating analyst earnings expectations.