NEW YORK (Reuters) - Earnings forecasts for U.S. companies are starting to feel the pain on Wall Street and in the broader economy as the odds of another recession rise.
Intense fear that global debt issues and stagnant growth cannot be resolved has pummeled market confidence in the past couple of months.
Earnings have been one of the market's few positives, coming in strong despite economic woes.
But analysts now are toning down double-digit growth targets for the rest of this year and next on the heels of a record second quarter.
via news.yahoo.com
