4-traders
Thomas Gryta
Aug. 5, 2018
America's biggest companies are reporting some of the strongest earnings growth since the recession, boosted by lowered tax rates and a robust U.S. economy that is fueling demand across industries.
Profits at S&P 500 companies jumped an estimated 23.5% in the three months through June, according to data from Thomson Reuters, more than two and half times revenue growth in the same period.
The profit gains, which stretched across all S&P sectors from energy to health care, have helped sustain a stock-market rally that has taken major indexes near record highs and made Apple Inc. the first U.S. company worth $1 trillion.
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http://www.4-traders.com/S-AMP-P-500-4985/news/Profits-Surge-at-Big-U-S-Firms-27061182/?countview=0
