S&P 500 earnings set to plunge as the coronavirus batters all sectors

S&P 500 earnings set to plunge as the coronavirus batters all sectors – with Wall Street counting on a bounce that may not come

The one certainty about the outlook for companies in a COVID-19 world is that second-quarter earnings will be very bad – the worst, in fact, in more than 10 years. Although Wall Street is betting that earnings will start bouncing off the bottom in the third quarter, the beginning point for that bounce is unknown, and early indications suggest the rebound’s magnitude may not match investors’ hopes.

By Miki