Strategist expects lowered corporate forecasts for full-year 2022 & 23

STORY: With the earnings season in full swing, analysts now expect aggregate year-on-year S&P 500 second-quarter profit growth of 6%, down from the 6.8% estimate at the beginning of the quarter, according to Refinitiv data.

U.S. stock indexes rose on Monday after earnings from big banks beat expectations for profit.

Earnings from big technology companies next week will be closely watched, after their shares came under immense selling pressure through much of this year.

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