# Accelerating earnings are protecting the S&P 500 from deeper losses, strategists say.

*business · news · 2026-04-13 · Financial Post*

## Key points

- Morgan Stanley strategists believe the S&P 500 is in the final phase of a correction.
- Forecasted S&P 500 earnings per share have dropped 18% from their October peak.
- Over half of Russell 3000 stocks are down at least 20% from recent highs.
- Morgan Stanley favors cyclicals and AI cloud service providers due to strong earnings and valuations.

**Companies:** Goldman Sachs Group Inc.
**Countries:** United States, Iran

[Read the full story on Financial Post](https://financialpost.com/pmn/business-pmn/morgan-stanley-says-earnings-shield-sp-500-from-iran-war)

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