U.S. companies are expected to post the strongest quarter since 2011.
U.S. companies are poised to report their strongest quarterly earnings in years. Observers are interpreting this as a sign that the stock market rally could have further to run.
Analysts expected earnings for S&P 500 companies to grow by 9.1% overall in the first quarter from a year earlier, as of March 31. This which would mark the highest growth since the fourth quarter of 2011. Nevertheless, analysts have trimmed their profit expectations since the start of the year.
Technology companies have been among the best performers in the stock market this year. Furthermore, they are expected to post some of the biggest earnings gains.