FHLC - Tech Stocks Killed The Market's Q4 Earnings; Healthcare And Financials Saved Them
To be fair, we’re only a little more than halfway through the fourth quarter’s earnings season. Much could still change on the proverbial ‘back nine.’
On the other hand, with most of the major names already reporting last quarter’s results, where we are is close to where we’ll be when the earnings season dust settles. And as it stands right now, last quarter’s earnings growth for the S&P 500 was solid not because of technology stocks, but despite them.
Blame Apple (AAPL), mostly. The company makes up roughly 3% of the S&P 500’s