Despite Middle East conflict, Corporate America’s growth remains strong, with strategists boosting profit outlooks. This resilience, defying concerns over oil prices and consumer demand, suggests the current oil spike is unlikely to end the business cycle. Analysts now estimate S&P 500 companies will grow profits by 11.9% in the first quarter.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.