The S&P 500 closed at a record high, with gains driven by strong corporate earnings. Disney, Arm Holdings, Chipotle, and Ford saw significant stock increases. Q4 GAAP earnings per share are up 16% over the prior year, marking the 4th straight quarter of positive YoY growth. Additionally, TTM operating earnings are on pace to hit a new record high, surpassing the prior high from Q1 2022. 75% of S&P 500 companies have beaten EPS estimates for Q4, slightly below the 5-year average but above the 10-year average.
75% of $SPX companies have beaten EPS estimates to date for Q4, which is below the 5-year average of 77% but above the 10-year average of 74%. #earnings, #earningsinsight, https://t.co/w5FuEMfeJX https://t.co/95nyKNzfBy
With 76% of companies reported, S&P 500 TTM operating earnings are on pace to hit a new record high, surpassing the prior high from Q1 2022. $SPX https://t.co/7nF9jYDtFj
With 76% of companies reported, S&P 500 Q4 GAAP earnings per share are up 16% over the prior year, the 4th straight quarter of positive YoY growth and highest growth rate since Q4 2021. $SPX https://t.co/lCZgsEqCi3
WATCH: The benchmark S&P 500 registered a record closing high aided by strong earnings. Shares of Disney climbed in after-hours trading, Arm Holdings skyrocketed after the closing bell, Chipotle gained more than 7% and Ford shares rose 6% https://t.co/rQaYcfSRMw https://t.co/7d1eSv5rXO
The S&P 500 hit another record closing high, gaining 0.82% as Wall Street's main indexes rose thanks to strong corporate earnings results. The Dow added 0.40% and the Nasdaq climbed 0.95% https://t.co/WizXlhe6XZ https://t.co/72rU9e44U9
WATCH: The S&P 500 closed at a record high as investors applauded overall strength in US earnings and monitored Federal Reserve comments for clues on interest rates https://t.co/rQaYcfSRMw https://t.co/9pnHg4CMvl