Earnings bounce, bond-yield drop help keep party going for US stocks

The benchmark S&P 500 has climbed more than 17% so far this year, galloping higher despite concerns over a surge in inflation and a projected fall-off in economic growth.

NEW YORK: A rebound in corporate profits and the recent drop in bond yields are helping to moderate U.S. equity valuations, bolstering the case for owning stocks even as markets stand near records and economic growth is expected to slow.

The benchmark S&P 500 has climbed more than 17% so far this year, galloping higher despite concerns over a surge in inflation and a projected fall-off in economic growth.