Wall St. rallies as S&P seen snapping earnings decline

Wall St. rallies as S&P seen snapping earnings decline
 

Wall Street rallied on Tuesday, following a slew of market-beating results from marquee companies that led to the possibility that Corporate America could snap a four-quarter streak of declining profits.
Of the 52 S&P 500 companies that have reported results to date for the third quarter, 81 percent have reported earnings that have topped analysts average estimate, according to Thomson Reuters I/B/E/S.
Now analysts estimate earnings at S&P 500 companies rose 0.2 percent in the quarter, compared with their estimate of a 0.7 percent drop at the start of the earnings season. Profits at... read more

 
18 October 2016 in World News, Views: 32
Source: Reuters
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