The S&P 500 is within about 2% of its record, yet most constituents remain well below personal highs, exposing how concentrated the benchmark’s advance has been.
About 84% of index members were at least 10% below their individual peaks; 59% were 20% or more below, 41% had declined more than 30%, and 17% had lost more than half from their highs.
Ten stocks generated about 70% of the S&P 500’s advance after March 30. That concentration helps explain why the benchmark’s small gap from its record contrasts with the distance between many constituents and their own peaks.
At 52%, the S&P 500’s blended earnings growth for the second quarter of 2026 was at its highest since the second quarter of 2021. The measure pairs reported company results with estimates for firms that have not released results.
FactSet expected 79 S&P 500 companies to report third-quarter results during the week starting Oct. 19, with five among them also in the Dow. EconoTimes previously covered third-quarter earnings surprises and estimates.
