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The first earnings recession for the S&P 500 since 2016 is taking shape

Earnings reporting season is more than half over, and hopes for an improvement to growth are fading fast.

While there has been some improvement in the past two weeks, the S&P 500’s first earnings recession in three years may now be just around the corner.

Through Tuesday morning, 264 of the 505 S&P 500 companies SPX, -0.26%, or 52.3%, had reported second-quarter results. The aggregate blended earnings-per-share estimate, which includes both actual and estimated results, was for a decline of 2.24%, according to FactSet data, compared with an estimate of a 3.0% decline just before earnings reporting season started.

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