S&P 500 Consumer Discretionary Earnings Strong: 12/15 Beat EPS as Overall Season Hits 82%

S&P 500 earnings remain robust, with the latest consumer discretionary sector update showing 12 of 15 firms beating EPS estimates and 13 posting year-over-year revenue growth, amid pressures from inflation and costs. This follows 178 companies reporting overall, where 82% (147) topped EPS forecasts, 143 beat revenue, led by tech giants like Alphabet, Amazon, Apple, and Microsoft. Despite some margin headwinds, the positive cadence supports equities, with over 120 more firms due next week including CVS, Pfizer, and AMD.