S&P 500 Index components' Q2 earnings year-over-year growth rate is expected to reach 47.4%, marking the highest level in five years.

According to Cailianshe, US-listed companies are successively announcing their second-quarter earnings reports. Data from FactSet, a U.S. financial data and analysis software service provider, shows that based on data from companies that have already announced earnings and analyst forecasts for companies that have not yet announced earnings, S&P 500 index component companies are expected to achieve a 47.4% year-on-year growth in earnings this quarter. This will be the strongest quarter of earnings growth in the past five years.