S&P 500 Slid Last Week, As Earnings Growth Is Recalibrated

Published Friday, November 23, 2018 at: 7:00 AM EST

The stock market had another difficult week. The benchmark Standard & Poor's 500 index slid back 10% below its most recent all-time high in September, as a recalibration of earnings growth continued. After rising for six consecutive months, the rate of improvement in the U.S. Index of Leading Economic Indicators slowed significantly in October. The LEI rose one-tenth of 1% in October, down from +0.5% in September and +0.4% in August. "The index still points to robust economic growth in early 2019, but the rapid pace of growth may already have peaked," according to The Conference Board, a private business...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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