Wall Street declines as earnings clarity awaited
NEW YORK (Reuters) – Stocks declined on Tuesday as the market continued its retreat from last week’s rally on the "fiscal cliff" deal in Congress as investors awaited the start of the earnings season with muted expectations. Profits in the fourth quarter are seen above the previous quarter’s lackluster results, but analysts’ current estimates are down sharply from where they were in October. Quarterly earnings are expected to grow by 2. 7 percent, according to Thomson Reuters data. The benchmark S&P index has fallen 0. 5 percent in the wake of the 4. . . .
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