What’s going on here?

Alphabet (Google’s parent company), Nvidia, and Tesla grew their earnings by about 20% last quarter. Signs are good so far: Microsoft, Meta, and Alphabet have all beat Wall Street’s expectations, each posting higher-than-expected revenues. To round things off, Nvidia will be releasing its report by the end of the month.

As a whole, earnings for companies in the S&P 500 are projected to have expanded by around 10% last quarter. If solid earnings shape up for the broader index, US stocks might see a more balanced and sustainable recovery after the volatility we’ve seen so far this year.