2025年底的S&P 500,收入增长14.2%,以AI和工业需求为主导,尽管投资者在2026年的展望中卖出。 The S&P 500 ended 2025 with 14.2% earnings growth, led by AI and industrial demand, despite investor sell-offs on 2026 outlook.

2025年结束的S&P 500,收入增长率为14.2%,由AI驱动的技术生产率和强劲的工业需求所推动,是其两位数增长的第5个连续四分之一。 The S&P 500 ended 2025 with a 14.2% earnings growth rate, its fifth straight quarter of double-digit expansion, fueled by AI-driven productivity in tech and strong industrial demand. 尽管收入大打折扣,但随着投资者注重2026年的指导,在利润率问题和大量支出的情况下对高估值股票施加压力,出现了“暴卖”的趋势。 Despite widespread earnings beats, a “beat and sell” trend emerged as investors focused on 2026 guidance, pressuring high-valuation stocks amid margin concerns and heavy spending. Goldman Sachs将2026年S & P 500目标提高到7,600,其中引用了AI的收益、稳定的利率和不断扩大的收入,工业部门因航空航天、国防和数据中心基础设施的增长而出人意料。 Goldman Sachs raised its 2026 S&P 500 target to 7,600, citing AI gains, stable rates, and broadening earnings, with the Industrial sector leading surprises due to aerospace, defense, and data center infrastructure growth.