2024-05-24 20:30:00 ET
Summary
- This week, the S&P 500 closed at 5,304.72, while the close last week was 5,303.27.
- The forward 4-quarter estimate for the S&P 500 dropped a little this week to $252.61 from last week’s $252.93.
- The P/E ratio this week is 21x vs. 21x last week and 21x as of early Jan ’24.
Nvidia’s ( NVDA ) earnings weight is 3.2% within the S&P 500, while its market cap weight as of Thursday night’s, May 23rd ’24 close, was 5.8%....
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There Is Nothing Wrong With S&P 500 Earnings