The number of companies mentioning recession on their quarterly earnings calls is falling, as stocks extend a big, three-week rally and investors weigh chances for a soft-landing for the U.S. economy.
Eleven percent of companies in the S&P 500 index cited “recession” during their conference calls on earnings results for the third quarter, well below peaks last year and in 2020 that were each more than 40%, according to a DataTrek Research note emailed Monday, citing FactSet data.
Still,…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Subscribe Now
Already a subscriber?
Log In
Read the full article here