Expectations for this earnings season are downbeat. Analysts polled by Refinitiv expect S&P 500 earnings fell more than 5% in the first quarter. That forecast comes as companies deal with persistent inflation and higher rates.
"I think that what's going to be super important is the kind of guidance we get, and how confident that corporations will be in guiding for the next three quarters in the face of what likely will be a slower economy.". Retail sales declined by 1% last month as consumers dealt with growing recession fears, more than the 0.5% fall expected by economists polled by Dow Jones.
The PPI, which is considered a leading indicator of consumer inflation, bolstered a trend of easing inflation seen in the
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