Excerpt from Barron’s quoting DataTrek Research:
…. “Third-quarter profit estimates for the S&P 500, in aggregate, fell 0.8% between Sept. 3 and Oct. 8, according to DataTrek. Companies have dealt with supply and labor shortages, hampering their ability to meet sales expectations while raising costs and lowering profit margins. Recently, higher commodity prices have added to the dimming earnings picture”….
Read the full article here on Barron’s!