Wall Street ends flat as rally slows, earnings eyed
Leah Schnurr
reuters.com
January 11, 2013
Stocks ended little changed on Friday as investors took a step back from buying ahead of next week’s busy corporate earnings calendar.
Overall earnings are expected to grow by just 1.9 percent in this season, according to Thomson Reuters data. Analysts say that, with the bar low, there’s room for companies to beat expectations, and that may have contributed to the rise in stocks so far in 2013.
That rally has slowed in the last few days.
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