Early Earnings Reports Worry Investors Already Battered by Stock Selloff
Hopeful economic signs compete with challenges to profits including inflation, rising rates and a strong dollar
Early results from the third-quarter earnings season haven’t provided much comfort to jittery investors.
While some corporate leaders noted glimmers of hope for consumers and the economy, many have reported a host of challenges to profits, including persistent inflation, rising interest rates and a generational surge in the dollar that has pressured revenue generated overseas.
Read more here: https://www.wsj.com/articles/early-earnings-reports-worry-investors-already-battered-by-stock-selloff-11666482044