NEW YORK (AP) — Big U.S. companies are telling investors they earned fatter profits during the spring than feared. All they're getting from Wall Street is a fat yawn. Profits are the lifeblood of the stock market, and prices tend to track their movements over the long term. So it's routine for stocks to get a comfortable boost when companies report results for a quarter that are better than analysts expected. Over the last five years, stocks in the S&P 500 have risen an average of 1% in the four days around a better-than-forecast profit report, from two days before to two days after, according to FactSet.

https://www.mymotherlode.com/news/national/3206934/is-that-all-there-is-big-companies-2nd-quarter-profit-reports-earn-a-big-yawn-from-wall-street.html

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