US company fourth-quarter earnings forecast lowerBusiness | 10 Jan 2020 10:07 am
With the fourth-quarter earnings season in the US starting next week, analysts expect profits for S&P 500 companies to drop by 0.6 percent in their second consecutive quarterly decline, according to IBES
data from Refinitiv.
Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio on Thursday; on Nasdaq, a 1.40-to-1 ratio favored advancers.
The S&P 500 posted 78 new 52-week highs and no new lows; the Nasdaq Composite recorded 152 new highs and 14 new lows, Reuters reports.
Volume on U.S. exchanges was 7.30 billion shares, compared with the 7.06 billion-share average for the full session over the last 20 trading days.