Bloomberg: Corporate U.S. Healthiest in Decades
Bloomberg reported that six years into president Barack Obama’s administration, companies in the Standard & Poor’s 500 (SPX) Index are the healthiest in decades, with the lowest net debt to earnings ratio in at least 24 years, $3.59 trillion in cash and marketable securities, and record earnings per share.
Bloomberg notes those listed in the SPX index are headed this year toward the fastest average monthly job creation since 1999, manufacturing is recovering and the U.S. has returned as an engine for global growth.
Bloomberg said the recovery, which stands in contrast to weak growth in Europe and Asia, has underpinned an almost threefold gain in the Standard & Poor’s 500 Index since March 2009.
To read the entire Bloomberg article, click here.