The S&P 500 is reporting year-over-year earnings growth of 5.3% for the third quarter of 2024, surpassing the previous estimate of 4.3% as of September 30. Revenue growth for the same period stands at 5.5%, exceeding the estimate of 4.7%. With 91% of companies having reported, 76% of S&P 500 stocks have beaten earnings expectations, while 60% have surpassed revenue forecasts. This marks the seventh consecutive quarter of positive year-over-year earnings growth, with technology companies showing significant outperformance, as indicated by 92% of tech stocks beating earnings expectations. The strong earnings performance contributes to ongoing equity market strength.