Jul
10
With Stock Market in Lull, Investors Pin Hopes on Earnings Boom
ByForecasts suggest U.S. corporations remained on strong footing heading into the second half of the year
Corporate earnings are poised to extend a run of double-digit growth in the second quarter, providing a balm for a stock market that has languished as investors have grappled with threats ranging from fractious trade relations to tightening monetary policy.
Analysts expect earnings from S&P 500 companies to grow 20% in the second quarter from the year-earlier period, according to FactSet. Despite fears that earnings peaked in the first quarter, they are still on pace for the second-fastest rate of growth in nearly eight…
With Stock Market in Lull, Investors Pin Hopes on Earnings Boom
