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S&P 500 hits August highs as corporate profits reach 17.9% of national income

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  • S&P 500 reached several August highs as second-quarter corporate profits surged.
  • $4.8 trillion in pre-tax profits equaled 17.9% of national income in Q2.
  • September averaged a 0.7% S&P 500 decline in data since 1950.
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