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Pharmaceutical giants are dragging the S&P 500 down

May, 14 2024

Quarterly earnings reports for S&P 500 companies were generally positive, with one key exception: drugmaker Bristol Myers Squibb suffered significant losses.This is due to the acquisition of Karuna Therapeutics, but analysts are generally positive: in the second quarter, the company may achieve earnings per share of $1.69 compared to $1.75 a year earlier.At the moment, 92% of S&P 500 companies have published their reports, and their profit growth was 5.4% compared to the same quarter las... Read More

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