Investors are breathing sighs of relief that corporate profits haven’t waned as much as feared
, giving new life to a stock-market rally that had largely stalled since the summer.
Although earnings are on track to decline for the third consecutive quarter, about 75% of the 280 companies in the S&P 500 that have posted results through Wednesday morning have beaten expectations, according to FactSet. That is slightly above the five-year average of 72%. More than 100 companies report through the end of the week.
France Dernières Nouvelles, France Actualités
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