Woofun AI reports that Morgan Stanley strategists anticipate the US stock market rally will extend beyond technology giants, driven by robust earnings from other sectors. Led by Michael Wilson, the team noted that the median company in the S&P 1500 Composite Index is currently experiencing earnings per share growth exceeding 10%, representing the strongest performance since the post-pandemic recovery period.

Analysts continue to upgrade profit expectations for the consumer discretionary and transportation sectors, which are closely linked to economic expansion. The second-quarter earnings season begins on Tuesday with major banks reporting first. Projections indicate S&P 500 index companies will see profit growth of 23%, marking one of the most robust periods in history outside of post-recession recovery phases.