Wall St. rallies as S&P seen snapping earnings decline

Of the 52 S&P 500 companies that have reported results to date for the third quarter, 81 percent have reported earnings that have topped analysts average estimate, according to Thomson Reuters I/B/E/S. Now analysts estimate earnings at S&P 500 companies rose 0.2 percent in the quarter, compared with their estimate of a 0.7 percent drop at the start of the earnings season. Analysts also expect the latest third quarter will be the first since 2014 in which both earnings and revenue of S&am