Third-quarter earnings season kicks off Tuesday with big banks, and FactSet consensus expects nearly 30% year-over-year profit growth for the S&P 500, up from about 27% three months ago. Tech is forecast to grow profits 65%, up from 57%, mainly on upward revisions for Nvidia, Micron and Dell, while the other 493 S&P 500 stocks are expected to grow 27%. Investors will watch banks' comments on rising rates and Taiwan Semiconductor's report on Thursday, where profit estimates have risen to $4.45 a share from $3.42 in January. Strategists remain constructive: Goldman Sachs moved to overweight equities, UBS sees the S&P 500 reaching 8,400 by June next year, and forward P/E has fallen to 19 times from 21 times over the summer. The article warns that the market's reliance on tech masks weakness elsewhere.
Summary written by Upside AI from the original article. Read the source for full details.
Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/12/2026 | 778.10 |
| Change that session | -0.06% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- If the Bond Market Sell-Off Triggers a Recession, Decades of History Says Investors Should Do This 1 Thing
- NY Fed’s Williams sees one more rate hike this year, disinflation ahead
- The latest inflation data is expected to show price increases are accelerating
- Sector Update: Tech Stocks Fall Tuesday Afternoon
- Paul Tudor Jones Says Oil Can Rally Another $25, Warns 2027 Will Be 'Really Challenging' for Stocks
- Paul Tudor Jones says 2027 could be a really challenging year for the stock market
Get briefings and signals on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the morning, midday and evening briefing of each market and important news as it happens.