[C4.] Major U.S. Stock Indicators Decline Stocks fell on gloomy corporate forecasts.
Instead, many analysts choose to work hand-in-glove with the companies they cover, designing projections that closely track internal corporate forecasts.
Moreover, the market for new technology stocks, which had been showing signs of life this year after almost four bearish years, has soured in recent weeks, largely based on disappointing corporate forecasts for the rest of the year.
But the figure fell short of corporate forecasts, and it did little to redeem what otherwise was a dismal fourth quarter, with output rising a scant 0.3percentt, a sharp decline from the 1.6 percent to 1.7percentt pace of the previous two quarters.
The Nasdaq pulled ahead thanks to upbeat corporate forecasts in technology, gaining 16 points, or 0.7%, to 2,167.
Wall Street has ended the day lower, extending Tuesday's broad declines amid a drop in oil prices and disappointing corporate forecasts.
Mr Cable likened credit ratings agencies to "tipsters" and part of the "background noise we have to take into account", suggesting they had a "pretty bad record" on economic and corporate forecasting.
Asked about the downgrade, Mr Cable likened credit ratings agencies to "tipsters" and part of the "background noise we have to take into account", suggesting they had a "pretty bad record" on economic and corporate forecasting.
His prospects for getting back into the Sprint Cup Series were as bleak as a corporate earnings forecast.
Mr. Bernstein notes that for the first time in seven years, the ratio of upward earnings revisions to downward revisions has fallen to 0.5 — meaning that for every corporate earnings forecast that has grown more positive, two have become more pessimistic.
Scott Partridge, Monsanto's VP for corporate strategy, forecast "uproar in the agricultural community" and "a whole host of detrimental effects to crops in the fields" if glyphosate were phased out.
