
S&P 500 earnings growth would be dull without 26% increase from Mag 7
With roughly two-thirds of the earnings season behind us, one thing is clear: Growth numbers would not look as good as they do without the “Magnificent Seven.” Goldman Sachs chief U.S. equity strategist David Kostin found that the group’s year-over-year earnings growth in the second quarter is running at 26%. That figure incorporates estimates for…