Waiting for Profit Warnings

So far, it’s been a relatively quiet week on Wall Street. But the calm is deceptive because the market is going through a crucial quarterly waiting period, right after the end of the quarter but before companies start reporting results. Every morning, we could wake up to a big bellwether stock warning investors its second quarter earnings will fall short of expectations. So far a jittery market has been blessed with relatively few rude awakenings. One exception is UnitedHealth Group (unh), which issued a profit warning this morning.

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