Walmart and Target are about to release their quarterly earnings, which will reveal the health of the U.S. consumer amid persistent inflation. Second-quarter earnings could be among the strongest on record, even though retailers and hotels have not been major contributors to this exceptional performance. Seaport Research analysts forecast a 53.1% jump in S&P 500 earnings per share for the second quarter, driven by significant one-time gains from Alphabet and Amazon related to their investments in Anthropic.
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