S&P 500 Earnings Growth Forecast Slows on Economic Worries but AI Tech Remains Bright Spot
• S&P 500 earnings expected to increase 11.1% in 2024 after 3.1% growth in 2023 • Concerns remain about economic slowdown and impact of higher interest rates • Q1 2024 earnings estimates declining faster than expected • Cooling inflation seen as positive for consumers and companies • Optimism about growth in artificial intelligence benefiting tech earnings