div > div.group > p:first-child"> Tech companies are bracing investors for what could be the worst quarter from a revenue perspective in more than six years.
Earnings in 2018 were stellar, with the S&P 500 reporting a 20 percent gain thanks in large part to a 112.4 percent surge in energy. Technology stocks were near the back of the pack among the 11 index sectors, with a 14 percent increase from 2017. Apple and Intel have been the biggest contributors to the negative EPS picture, which has seen expectations for the sector to go from a 3 percent Q1 drop to a 10.7 percent slide.
$spx just started to correct +23% rally 2346-2860
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: trtworld - 🏆 101. / 63 Read more »