Are You in Florida for Spring Training? Come meet Globe Sports Writers Nick Cafardo and Peter Abraham! Click for more info.

Celtics Live

28

45

2nd Quarter 4:45

Weak earnings prospects weigh on stocks

Continue reading below

Profits that disappointed, a subscriber slump at AT&T, and a weak forecast from Procter & Gamble held back stocks, as did weak sales growth at Amgen and flat revenues at Eli Lilly. Boeing and General Dynamics tempered the mood with strong profits. So far, 35% of S&P 500 companies have posted earnings, as have 66% of Dow members. Most had better-than-forecast profits but sales weaker than anticipated. Of 35 companies that have given second-quarter forecasts, 28 are ‘‘negative,’’ four ‘‘positive,’’ and three ‘‘in-line.’’ A report that orders for long-lasting US factory goods fell more than economists expected added to concerns global growth is slowing.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com