Will Shrinking Earnings Halt the Stock Market's Run?

April 9, 2015 4:28 PM

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For the first time since 2009 when the U.S. economy was emerging from the Great Recession, companies may be about to report that their quarterly earnings fell. Plunging oil prices have pummeled profits at energy companies and a surging dollar has hit companies that depend heavily on overseas sales. There are also signs that the economy slowed markedly in the first quarter.

Earnings season got underway this week and average earnings per-share for corporations in the Standard & Poor's 500 index are projected to drop by 3.2 percent in the first quarter compared with the same period a year ago, according to S&P Capital IQ estimates. That would be the first period of shrin...

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