
S&P 500 hits record highs but forward P/E drops as earnings estimates fall, led by tech and energy sectors.
The S&P 500 continues to reach record highs, yet its forward price-to-earnings (P/E) ratio has declined from 20.4x to about 19.0x, now below its five- and ten-year averages due to lowered earnings forecasts. Major tech companies like Microsoft, Alpha...





