Economics
Growth Scare Over in S&P 500 as Quarterly Earnings Turn Positive
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Relax, earnings didn’t fall last quarter.
That’s according to data on Standard & Poor’s 500 Index profits updated just now by Bloomberg, which shows companies in the benchmark gauge are on track to deliver income growth of 0.2 percent in the three-month period. As recently as March, analysts estimated that profits would slide by 5.8 percent.