S&P 500 Q3 earnings reports are mostly in, with EPS up 13.4%—the fourth straight quarter of double-digit growth, outpacing analyst expectations. Revenue growth is at its best in three years. Healthcare, financials, and consumer discretionary stocks are leading, with companies like CAH, MS, F, AMZN, and TSLA as major contributors. The Magnificent Seven tech names saw slower EPS growth—dragged down by META’s miss—but NVDA, GOOGL, AMZN, and MSFT still boosted overall results. Retail is mixed: Gap and BJ’s delivered strong beats and raised outlooks, while Bath & Body Works cut forecasts on weak sales. Walmart continues to benefit from value-focused shoppers, but Target remains cautious as lower-income consumers struggle. Nvidia’s blowout results and optimistic AI guidance lifted other chipmakers’ stocks. As early holiday sales begin, all eyes are on continued consumer strength and tech leadership.