S&P 500 Profit Beats Draw Worst Stock Price Reaction on Record
(Bloomberg) — S&P 500 (^GSPC) companies are handily beating earnings estimates, yet unimpressed investors are delivering the worst share-price reactions on record as the outlook for 2026 turns murky.
While it’s still early days, data compiled by Bloomberg Intelligence show about 81% of S&P 500 firms have beaten fourth-quarter profit expectations so far. However, their shares have trailed the benchmark by an average of 1.1 percentage points — the worst relative performance across data going back to 2017.
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Among the stocks that underwhelmed, 3M Co.’s (MMM) shares fell 7% on Tuesday even as the company topped profit estimates, with investors focusing instead on a glum forecast. State Street…
