A trader on the floor of the New York Stock Exchange in New York. Photo: Michael Nagle/Bloomberg
Wall Street's big gains this summer have been spread widely across industries. The profit growth helping to underpin those gains? Not so much.
Roughly 90 percent of the companies in the S&P 500 have reported their second quarter results, and their earnings per share are nearly 8 percent higher from year-ago levels in aggregate.
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