Third-quarter earnings season kicks off this week with S&P 500 profit growth expected near 30% year-over-year according to FactSet. The tech sector, representing 40% of the index, is forecast to post 65% EPS growth, boosted by upward revisions for Nvidia and Micron Technology. UBS expects the S&P 500 to reach 8,400 by June next year, though rising bond yields, with the 10-year Treasury yield above 5.36% at a 24-year high, could temper this bullish outlook.
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