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Strong Dollar Pounds S&P 500 Into Earnings Recession

Industrial and technology earnings likely fell in Q4 due to a strong dollar and weak overseas demand. (EPA/Newscom)

CIARAN MCEVOY
04:22 PM ET 02/05/2016

Corporate America faces its first back-to-back earnings decline since the Great Recession, as a strong dollar weakens U.S. multinationals well beyond the oil patch. With 63% of S&P 500 companies reporting results as of Friday morning, Q4 earnings are on track to decline 4.1%, worse than the 3.7% retreat forecast at the beginning of the year, according to data compiled by Thomson Reuters.…

Strong Dollar Pounds S&P 500 Into Earnings Recession

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