– With just 17 S&P 500 companies left to report, first quarter 2019 earnings are up 1.5% year over year, 3.6 percentage points above January 1, 2019, estimates. Revenue is tracking to 0.5 percentage point upside surprise and 5.6% year-over-year increase.

– Forward earnings estimates have fallen by 0.5% since June 30, reflecting tariff costs, slower global growth, and a strong
U.S. dollar.

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