S&P 500 blended net profit margin hit a record 15.7% in Q2, but Alphabet's $112B net income accounts for a significant chunk of the gain.

S&P 500 blended net profit margin hit a record 15.7% in Q2, but Alphabet's $112B net income accounts for a significant chunk of the gain.

S&P 500 earnings growth hits 50.4%, the strongest since 2021. But even excluding Alphabet and Amazon, growth remains remarkably strong.