The Dow Jones Industrial Average (DJIA) briefly hit a record high in yesterday’s trading session. But the optimism could be short-lived with all signs pointing to a disastrous second-quarter earnings season. 77 percent of companies that have released Q2 guidance have warned they’ll underperform Wall Street estimates. It’s the most negative earnings backdrop in 13 […]
The post Sky High Dow Faces Painful Correction as Catastrophic Earnings Awaits appeared first on CCN Markets
* First published on ccn.com
