According to data from Factset, year-over-year earnings of the S&P 500 are expected to decline 3.5% after all constituent companies report. First quarter year-over-year earnings contracted 6.7%.
Second quarter earnings roundup
Analysts expect the S&P 500 index to close 2016 with negative earnings growth, marking the first time since 2008/2009 that the index experienced a drop in earnings growth for two consecutive years. The bulk of the earnings decline has been energy-related.