Wednesday, November 16, 2022

Earnings upgrades likely to be limited amid slower recovery

This isn't good news for the market, which is trading at higher valuation multiples than its historical averages, said analysts. In the past three months, 215 companies in the NSE 500 index have seen earnings downgrades, compared with 145 upgrades.

from Economic Times https://ift.tt/JAX9BGz
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US stock: S&P 500 ends lower as investors weigh data, Middle East tensions

The S&P 500's streak came to an end, falling from its peak as weaker retail sales suggested caution among consumers. Despite a stron...