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Wall Street bets US corporate earnings will withstand surging oil prices.
Wall Street is confident that strong corporate earnings will prop up stock prices that have slumped since the Iran war began and set oil prices surging, rekindling worries about inflation. The S&P 500 has dropped nearly 4% since the war began at the end of February, with oil prices jumping more than 30%. Despite the turmoil, expected first-quarter earnings growth for the S&P 500 stands at 14%, according to LSEG data. That compares with 14.4% at the start of the year and t

The San Juan Daily Star
14 hours ago2 min read
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