S&P 500 profit eyes sharpest quarterly growth in four years after Big Tech results

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May 1 : Analysts' expectations for S&P 500 earnings improved sharply after a week dominated by megacap results, LSEG IBES data showed on Friday, even as oil prices stayed high and tensions with Iran remained unresolved. S&P 500 profits are expected to grow 27.8 per cent in the first quarter, the strongest since the fourth quarter of 2021. That is higher than last Friday's forecast of a 16.1 per cent rise and a 14.4 per cent increase projected a month ago, according to LSEG IBES data. Apple