Reported 1 day ago
An analysis reveals that out of 107 S&P 500 companies providing first-quarter earnings guidance, 68 have issued negative outlooks, surpassing historical averages. This trend raises concerns for investors as Goldman Sachs increases recession odds due to declining corporate confidence and economic growth. The benchmark S&P 500 closed higher on Monday but has seen a nearly 6% decline in March, marking its worst monthly performance since 2022.
Source: YAHOO