(Reuters) - NEW YORK, April 9 - U.S. stocks were flat on Monday as concern about slower first-quarter earnings growth offset data showing surprisingly strong job growth last month.
The first major financial reports begin later this week, and expectations for profit growth by Standard & Poor's 500 companies fell to 5.0 percent compared with a year ago from a 9.2 percent estimate when the quarter began, according to a Reuters Estimates survey. For details, see [ID:nN09303636].
Read more at Reuters.com Bonds News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment