VettaFi: First Quarter Earnings Drove Sector ETFs

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Excerpt:

I’m a former stock analyst responsible for publishing on communications services and information technology stocks. While I don’t miss covering multiple earnings calls in a day, I appreciate how these quarterly updates impact the returns of equity ETFs. 


First-quarter calendar 2024 earnings season ended up better than expected. S&P 500 companies generated 5.7% year-over-year earnings growth, as of May 17, according to FactSet. This helped the broad market index ETFs to climb higher and gain in popularity. 

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