S&P 500 Profits Are on Track for a Third Straight Quarter of 25%+ Growth. The Index Hasn't Kept Up.

Key Points FactSet pegs S&P 500 third-quarter earnings growth at 28.9%, which would be a third straight quarter of growth above 25%. From June 30 through FactSet's most recent report, the index's expected earnings for the next 12 months increased 8.8%, while its price rose just 1.8%. Chipmakers and their equipment suppliers are projected to grow third-quarter earnings 126%, the most of any industry in the technology sector. 10 stocks we like better than Vanguard S&P 500 ETF › The S&P 500 (SNPINDEX:^GSPC) finished Monday at 7,764.70, less than half a percent below the record close of 7,798.99 it reached in mid-August. Typically, a market hits records by becoming pricier. Over the past three months, the reverse has happened. Missed AI’s "Act 1"?