FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri
Estimates for first-quarter profits have worsened: Analysts expect overall S&P 500 profits to drop by 12.8%, according to IBES data from Refinitiv - a far steeper decline than the 4.7% drop projected as of April 1.
RIP WALL STREET
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