ETF Tracker| Worst Earnings Season! Consumer, Industrial, and Energy ETFs in Focus
@ETF Tracker:
Abstract: Companies on the $S&P 500(.SPX)$ are expected to report their weakest profit growth in nearly three years.This week, the US stock market's earnings season gained much anticipation. Due to factors such as weak performance, technology sector’s return to fundamentals, high risks of financial institution, and increased corporate debt, market participants are generally bearish about the US stocks.Companies of the $S&P 500(.SPX)$ are expected to report a 6.8% decline in earnings per share in the first quarter, the largest drop since the second quarter of 2020.The latest data from FactSet shows that analysts expect earnings to decline 4.6% in the second quarter and then grow again in the thir