Reported 2 days ago
Wall Street is increasingly doubtful about corporate profits within the S&P 500 as tariffs from President Trump's policies loom, contributing to recent market turmoil. Analysts have been lowering their earnings expectations for the index, with more downgrades than upgrades for 22 of the last 23 weeks. Furthermore, with major companies like American Airlines and Delta Air Lines reducing profit outlooks due to weakening demand, fears of diminished profit margins persist. Investors are now cautious about potential negative earnings surprises that could exacerbate volatility in the stock market.
Source: YAHOO