S&P 500 revenue growth hits five-year high, Goldman says

Goldman Sachs says S&P 500 revenues grew 6.4% YoY in Q2 excluding energy, the fastest pace in five years. Big Tech led the growth, while median ex-tech revenue rose just 3%. Earnings jumped nearly 50% YoY, partly from tech marking up private investments. Companies received over $100B in tariff refunds, used for marketing, cost relief, and lower prices.