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The ongoing fourth-quarter corporate earnings season has had a mixed reception. By Friday, 75% of the S&P 500 companies that had reported delivered a positive earning per share surprise, which is below the 5-year average of 78%, according to FactSet.
This may partly explain — along with geopolitical angst — why the S&P 500
SPX has been struggling to burst above the 7,000 level.
