Energy companies in the S&P 500 posted a 42.5% revenue gain in the second quarter, driving the index’s sales performance. With most second-quarter earnings reports now in, S&P 500 sales growth is on track to reach levels not seen since 2021. While Big Tech companies are driving the S&P 500’s profit growth to an abnormally high level this earnings season, energy companies are the primary catalyst behind the surge in sales.
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