The profit growth rate of the seven tech giants may fall behind the S&P 500 for the first time

Market analyst John Bartus stated that so far in the third quarter, five of the seven tech giants have seen their earnings per share growth lag behind the other constituents of the S&P 500 index. The expected earnings per share growth for the seven tech giants has decreased from 33.6% a month ago to 22.6%, while the growth for the remaining 493 companies in the S&P 500 index is 32.6%.