23-04-2016 00:51 via news.yahoo.com

Upside limited for 2016 even as earnings bottom

By Rodrigo Campos NEW YORK (Reuters) - Even with a spate of high-profile earnings disappointments in recent days from the likes of Caterpillar, Microsoft and Google's parent company, the profit recession that has dogged U.S. stocks since last fall is still expected to come to an end in the second half of this year. The S&P 500 tech sector on Friday posted its largest percentage decline in 11 weeks after Microsoft and Alphabet both missed analysts' expectations.
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