Third quar­ter US earn­ings sea­son

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With the global mar­ket

tak­ing hold off the back of sell­ing in the US, the on­go­ing cor­po­rate earn­ings sea­son for the third quar­ter could land with a ma­te­rial im­pact.

the S&P 500 is ex­pected to post earn­ings growth of 19.2% on rev­enue gains of 7.3%, ac­cord­ing to data provider Fac­tSet. This fol­lows on from 25% jump in earn­ings on a 10.1% rev­enue in­crease for the sec­ond quar­ter. Earn­ings from the bank­ing

sec­tor have al­ready been pub­lished and have re­vealed the ben­e­fits from deep tax cuts and ris­ing in­ter­est rates (a sec­tor­spe­cific cat­a­lyst). If most other

vein, then in­vestor con­cerns

start to dis­si­pate.

How­ever, if earn­ings dis­ap­point then the sell­ing could re­sume with greater in­ten­sity. The dom­i­nant tech­nol­ogy sec­tor may hold the key to in­vestor

sched­uled to re­port.

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