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Why the stock market is falling amid the best first-quarter results in 24 years
By at least one measure, corporate earnings are the best in nearly a quarter-century. Rather than rally on the back of upbeat results, the main equity benchmarks have sulked lower. According to Thomson Reuters I/B/E/S, of the 343 companies, or about 70%, of S&P 500 members that have reported earnings to date, 79.9% have reported earnings per share that were above analysts’ expectations, putting the season on track for the highest earnings beat rate on record, going back to 1994.
https://finance.yahoo.com/m/2b5fb3e...e8e78c/why-the-stock-market-is.html?.tsrc=rss
By at least one measure, corporate earnings are the best in nearly a quarter-century. Rather than rally on the back of upbeat results, the main equity benchmarks have sulked lower. According to Thomson Reuters I/B/E/S, of the 343 companies, or about 70%, of S&P 500 members that have reported earnings to date, 79.9% have reported earnings per share that were above analysts’ expectations, putting the season on track for the highest earnings beat rate on record, going back to 1994.
https://finance.yahoo.com/m/2b5fb3e...e8e78c/why-the-stock-market-is.html?.tsrc=rss
