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Wall Street Week Ahead: In companies' earnings, words may matter more than numbers

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Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing numbers, as Wall Street seeks evidence that corporations can weather the uncertainty caused by the coronavirus pandemic.

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.

 

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