Earnings for S&P 500 companies forecast to grow 9.4% in 2024, up from only 1.4% the year before
Wall Street is betting corporate dealmaking could bounce back next year with lower rates, looser scrutiny
The result has raised hopes in the U.S. for an economic recovery
The benchmark index was down 2% for the day in afternoon trading
Renewable energy stocks soared last year with the promise of a friendlier White House
Corporate earnings could see the biggest impact from the pandemic in Q2
S&P 500 companies spent $806 billion on stock buybacks in 2018