The Federal Reserve has been the center of attention for weeks, but investors will soon shift their focus to corporate earnings. Second-quarter earnings season will get its traditional kickoff on Monday when Alcoa reports results after the market closes.
Overall, financial analysts expect earnings for the Standard & Poor’s 500 index increased by 2.9 percent over the same period in 2012, according to S&P Capital IQ. That’s down from their projection of 8.9 percent growth made at the beginning of the year.
Corporate America continues to lower investor expectations; 87 of the 111 companies that have issued guidance for the second quarter have offered a negative outlook.
Here’s a look at earnings estimates for the 10 sectors that make up the S&P 500.Associated Press