AS US company earnings rise and major stock market indices hit new heights, two small problems remain: revenues are static and the trajectory of earnings growth is slipping.
The tech-heavy Nasdaq closed Thursday at 5,056, its first close above its previous record high since March 2000, while the S&P 500 briefly topped its previous record high set last month only to close five points shy at almost 2,113.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
