Hurricanes Blamed for Biggest Cuts to S&P 500 Earnings Estimates
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The S&P 500 has plummeted more than 5 percent since early October. The culprit: slowing earnings growth stemming from rising interest rates and oil prices, according to Goldman Sachs Group Inc.
That straightforward theory might work as a catch-all, but for certain companies the reasons for the malaise are far less cosmic. They involve one-off events, especially the recent hurricanes. If things revert back to normal, investors who are worried about trade wars or monetary policy undermining earnings might be in for surprises on the upside.