Bull Market’s Latest Hurdle: Slowing Sales Growth - News Summed Up

Bull Market’s Latest Hurdle: Slowing Sales Growth


Revenue growth at U.S. companies is slowing, stirring concern that a corporate-profit boom that has driven the Dow Jones Industrial Average and other major stock indexes to dozens of records in 2018 is in jeopardy. Firms from asset manager BlackRock Inc. to computing giant International Business Machines Corp. this month have reported disappointing quarterly sales, citing such factors as cautious customers, rising costs and a stronger dollar. So far this quarter, 35% of the 85 reporting S&P 500 companies have missed Wall...


Source: Wall Street Journal October 21, 2018 15:56 UTC



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