NEW YORK—Tumult in China triggered the worst opening week for U.S. stocks in history, and this week investors could get plenty more to worry about.
Profits are expected to drop at U.S. companies.
Again.
Earnings for companies in the Standard and Poor’s 500 index are forecast to drop for the second straight quarter, a rare occurrence outside a recession. Despite a rebounding jobs market, the United States did not grow fast enough to boost profits, and once surging developing economies that helped lift foreign sales slowed dramatically.
Despite a rebounding jobs market, the US did not grow fast enough to boost profits, and once surging developing economies that helped lift foreign sales slowed dramatically.
