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Increasing corporate profits reinforces the stock market race



Big U.S. firms have raised expectations this earnings season, potentially laying the groundwork for the next phase of the stock market rally as investors look beyond the election.

For most companies in the S&P 500 report, analysts are predicting third-quarter profits down 7.5 percent from a year earlier, according to FactSet. That’s a sharp improvement from the 21% drop they forecast for the end of September.

The …


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