Thanks to a big resurgence in tech stocks over the past month and a half, the S&P 500 (^GSPC 0.16%) has enjoyed a similar turnaround.
On March 30, the index was down more than 7% on the year. As of May 11, it’s up more than 8% year to date. The initial scare from the Iran war appears to have subsided, and underlying corporate fundamentals have meaningfully improved. While the recent surge in equity prices may be due for a breather, the backdrop for further record highs for the Vanguard S&P 500 ETF (VOO 0.13%) remains quite positive.
Image source: Getty Images.
Key takeaways
- S&P 500 earnings are on pace to grow by 27% year over year in Q1 2026. Revenue is forecast to grow by 11%.
- About 84% of S&P 500 companies have beaten earnings estimates, which would be the highest beat rate in almost five years.
- The forward-looking price/earnings (P/E) ratio for VOO is 19.6, the lowest it has…
