Wall Street Week Ahead: Big-name profit warnings may mean a pullback
NEW YORK (Reuters) – Wall Street may be bracing for a pullback as U. S. earnings season begins next week – if the clouds of profit warnings from bellwethers ranging from FedEx to Hewlett-Packard lead to a downpour of lower profits – or even losses. Thanks to aggressive stimulus plans from central banks around the world, the Standard & Poor’s 500 index gained 5. 8 percent over the third quarter. That sharp rally occurred even as companies were struggling. Earnings for that period are forecast to fall 2. 4 percent from the year-ago quarter. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply