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Opinion
Nir Kaissar

Stocks Are Sounding the Alarm on Earnings

Equity prices have rarely been as vulnerable to a downturn in profits as they are now.

Keep an eye on the exits.

Keep an eye on the exits.

Photographer: John Moore/Getty Images

The U.S. stock market is warning investors about earnings, and it’s time to pay attention.

The S&P 500 Index slipped into a correction on Dec. 7. It ended the day down 10.2 percent from its recent peak on Sep. 20, breaching the 10 percent decline that customarily marks a correction. The index is little changed this week through midday Friday.