U.S. Stock Rally Sputters in Week as S&P 500 Profit Outlook Dims

By
Oliver Renick
  • Corporate earnings projections negative for third quarter
  • Losses in utilities, phone companies weigh on S&P 500
Photographer: Michael Nagle/Bloomberg

A two-month advance in U.S. equities ran out of steam amid signs investors are again growing skeptical of the long-awaited rebound in corporate profits.

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