One trader said: "We really need to see strong earnings growth for a sustained upside to the market and in our view, that's coming in the second half of 1999 at the earliest."Reuse content
THE DOW JONES Industrial Average fell back from Monday's record close amid concerns about blue-chip profitability. Figures released yesterday by the US government showed that after-tax corporate profits fell 1.8 per cent in the third quarter. At lunch-time, the Dow was trading down 33.98 points at 9,340.29.