As earnings season rolls into its heart, hopes rise for broader gains

Last year, a handful of Big Tech stocks were behind much of corporate America’s profit growth. Now, as the heart of earnings reporting season arrives on Wall Street, the hope is that profit growth will broaden out to a wider range of companies. Give credit to the remarkably resilient U.S. economy, which continues to hum despite high interest rates meant to bring inflation down. The expectation is for that strength to translate into stronger revenues for companies broadly. Even more pressure than usual is on companies to deliver improved profits given high interest rates.