Corporate America’s Surprising Profits Help Propel Stock Rally
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With earnings season around two-thirds done, Corporate America is solidly beating expectations and Wall Street is ratcheting up its profit forecasts by the week.
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Published Feb 10, 2024 • 3 minute read
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(Bloomberg) — With earnings season around two-thirds done, Corporate America is solidly beating expectations and Wall Street is ratcheting up its profit forecasts by the week.
The brightening backdrop for the biggest US companies is helping sustain the stock market’s strength to start the year, and it’s also a far better scenario than analysts envisioned even early last month. At the time, there were still questions around how companies and consumers were dealing with high interest rates.
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Bloomberg News
2024-02-10 10:24:57
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