China woes persist as pressure point for U.S. corporate profits

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China woes persist as pressure point for U.S. corporate profits
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The U.S.-China trade war persists as an impediment to the growth of U.S. compani...

The fallout from the trade war reported so far from companies may not be as bad as investors had feared, said Jamie Cox, managing partner of Harris Financial Group in Richmond, Virginia.The number of S&P 500 companies that have mentioned the term “tariff” so far this earnings season is 59, down slightly from 66 over a comparable period in the second-quarter reporting season, according to data as of Friday from FactSet.

Seasoning maker McCormick & Co , even though it posted stronger-than-expected earnings and raised its forecast, was among companies expressing some wariness over China.

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