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Stock impact report

Strong Earnings Not Enough to Power Stocks Past AI, Credit Worry [Yahoo! Finance]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: Yahoo! Finance
(Bloomberg) — Corporate America just delivered one of the strongest earnings seasons in recent memory, but you wouldn't know it looking at the stock market. Companies in the S&P 500 ( ^GSPC ) grew earnings by 13% in the fourth quarter, almost six percentage points better than expected. They also served up optimism about the coming year. The number of firms in the Russell 3000 Index that raised guidance outstripped those cutting it by four to one — a level last seen in the aftermath of recessions or after the 2018 tax reform, according to Jefferies Financial Group Inc. data. Most Read from Bloomberg LA's Bankrupt ‘Graffiti Towers' Finds Buyer for $470 Million An Insurance Expert Appraises the Safety Record of Self-Driving Cars Oslo Rebuilds Its Government Quarter with a New Focus: Openness And yet, in the six weeks bookended by reports from JPMorgan Chase & Co. and Walmart Inc., the S&P 500 fell 1.7% — tied for the worst performance during earnings in the past 10 quarters. Show less Read more
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