Survey: Earnings season will be a good opportunity for the S&P 500 index to turn around

Despite the recent downturn in the US stock market causing some Wall Street professionals to worry about a summer market correction, the latest survey shows that the latest round of corporate earnings reports will boost the S&P 500 index. Tesla and Google's parent company, Alphabet Inc., will announce their performance in a few days, with close to two-thirds of the 463 respondents predicting that the results will boost the S&P 500 index. About half of the respondents expect that US corporate earnings will perform better in the coming months than in the first half of the year