This translation has been automatically generated and has not been verified for accuracy.U.S. companies are preparing to report third-quarter results following a rocky few months in which they grappled with a U.S.-China trade conflict undermining the business environment and an overall economy that has been showing signs of struggling.
Sector-wise, a rough quarter is expected for technology companies, whose shares have led the market’s ascent this year but overall are seen posting a 7.6% drop in third-quarter earnings, with Micron Technology’s results expected to be a particularly big drag on the group, according to Refinitiv. Trade tensions took center stage last week with a delegation from China in Washington for talks to find a resolution to their 15-month trade dispute.
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