S&P 500 earnings on pace for strongest growth in five years

S&P 500 companies are on track to record their strongest earnings in five years, showcasing corporate resilience despite rising consumer costs.
In tech earnings, Amazon shares jumped 15% after beating quarterly expectations, while Apple shares fell 7% due to weaker Services and China revenues.
Ten out of thirteen S&P 500 materials companies that reported quarterly results beat Wall Street earnings expectations.
The 10-year Treasury yield surged to 4.73%, its highest level since January 2025, as investors digested the Federal Reserve's rate hold and lack of forward guidance.

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