America Breaking News: Earnings in Spotlight as Fed Jolt Fades

wochit news
July 08, 2013 AT 11:33 AM
After a recent stronger-than-expected U.S. jobs report, investors are more convinced than ever that the Federal Reserve's bond-buying program will be scaled back as soon as September. If that happens, the stock market will lose fuel that helped power the Dow Jones Industrial Average to its new high. Investors hoping that U.S. companies will come to the rescue are likely to be disappointed, according to analysts who have been trimming their expectations in recent weeks.