“Cliff” concerns give way to earnings focus
NEW YORK (Reuters) – Investors’ "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week. Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter’s lackluster results. As a warning sign, analyst current estimates are down sharply from what they were in October. . . .
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