Wall St Week Ahead: AI gains, earnings reassure investors

Strength in earnings from AI and technology names could draw more investors and lift markets further in coming weeks, analysts said. — Reuters

NEW YORK: With more than half of second-quarter earnings reported and stocks near record highs, company results have reassured investors about the artificial intelligence trade that has energised Wall Street, even if tariff worries curtailed buying.

With results in from 297 of the S&P 500 companies as of Thursday, year-on-year earnings growth for the second quarter is now estimated at 9.8%, up from 5.8% estimated growth on July 1, according to LSEG data.