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Week of Earnings Beats Can’t Jolt U.S. Stocks From 30-Day Rut

  • S&P 500 profits poised to end five quarters of no growth
  • Fed rate bets, rising dollar and election damp sentiment

U.S. corporations are reporting annual profit growth for the first time in six quarters, but investors don’t seem too excited about it.

The 116 companies in the S&P 500 Index that have reported third-quarter results grew profits by an average 3.8 percent over the past year, according to data compiled by Bloomberg. Analysts now expect year-over-year profit will be flat once the June-to-September reporting is finished, likely bringing an end to the longest earnings recession since the financial crisis.