Stock market today: Dow, S&P 500, Nasdaq soar on hopes Trump may dial back expected tariffs
It’s the final week of the first quarter and, as is typical, analysts have spent the past 12 weeks revising lower their earnings growth projections for the quarter.
For the S&P 500 (^GSPC), estimates for earnings growth have been cut by 4.4%, more than the five-year average of 3.3% and the 10-year average of 3.2%.