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S&P 500 sales growth hits nearly 5-year high on energy surge

Energy firms accounted for a 42.5% revenue gain in the second quarter, boosting overall S&P 500 sales performance.

Reported · Written up by our desk · Indices

MarketWatch reports that S&P 500 sales growth reached a nearly five-year high, with energy companies playing a key role.

In particular, energy firms in the index posted a 42.5% revenue increase in the second quarter, helping drive stronger aggregate sales performance.

The outlet notes that this contribution from the energy sector underpinned the index’s overall sales growth in the period.

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Sources

MarketWatchS&P 500 sales growth is at a nearly 5-year high. Here’s what’s behind the surge.

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