Market averages in the fourth quarter are likely to rise as investors believe that earnings outlook for the rest of the year has slightly improved despite rising energy costs. Less than one hundred companies have issued profit warnings for the quarter that just ended. Flood of earnings are expected to begin on October 10th. For the third quarter three major averages rose. Nasdaq up 4.6%, Dow up 3.1% and S&P up 2.9%. |
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