Profit growth expected to take breather
Corporate profits have been booming in America since late 2009. But big companies that begin posting first-quarter financial reports Tuesday are expected to report a slower pace of earnings growth. Companies that make up the Standard & Poor’s 500 index are expected to report profit growth of about 3 percent for the quarter - a much slower pace compared with double-digit increases last year. What does that say about the economy and direction of the stock market?