Marcus Tuck
Head of Research
6 am December 15, 2020
As 2020 draws to a close, S&P 500 earnings are down about 13.7%, the biggest annual drop since 2008 due to the COVID-19 recession. Revenue is also expected to have fallen by about 1.8% (see chart below).
Only four sectors are expected to report positive earnings growth in 2020, led by the Health Care sector (+10.5%), Information Technology (+4.9%), Consumer Staples (+3.6%) and Utilities (+1.9%).
