Three Factors Behind The Stock Market’s Resilience

by Chris Gaffney
Daily Pfennig

Apple has just announced its first revenue drop in 13 years.

Goldman Sachs announced its profits fell 60% in a single quarter.

Microsoft reported a 25% plunge in earnings.

Welcome to the first quarter’s earnings season.

As of this writing, 207 members of the S&P 500 index have reported results. So far, total earnings have dropped 5.4%, while revenues have dropped 1.6%.

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