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Leaky lifeboat: Weak US corporate profits offer no rescue to sinking stocks

2016-01-22 11:18:33| IT Services - Topix.net

NEW YORK: Investors who hoped U.S. corporate earnings could dig stocks out of their deep hole may find themselves sorely disappointed. Thanks to rapidly dimming forecasts for energy, materials, finance and technology sectors, year-over-year profit declines for Standard & Poor's 500 companies are now expected until the second quarter of 2016 at the earliest, according to data from Thomson Reuters Proprietary Research.

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