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Tonic for weak profits eludes S&P 500 as rally swells valuations

Wednesday, August 10, 2016 - 05:50
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Even as the S&P 500 Index sits near a record, analyst forecasts just turned negative for a sixth straight quarter for corporate results for the three months ending in September.

New York

THE profit recovery has been pushed back. Again.

Even as the S&P 500 Index sits near a record, analyst forecasts just turned negative for a sixth straight quarter for corporate results for the three months ending in September. Steadily falling profits are causing