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Corporate Earnings Growth Continues

For the first time since 2011, the earnings of America’s largest companies are on track to post two consecutive quarters of double-digit growth. Earnings for the S&P 500 Index grew 15% in the first quarter and are expected to increase by 11% in the second quarter. Almost 60% of the companies in the S&P 500 Index have reported their second quarter 2017 earnings and they are continuing to show growth due to cost cutting and stronger consumer spending. These strong earnings are pushing the stock markets to record highs. We expect the stock markets to remain strong as we enter the month of August.

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