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Why gloomy 2Q earnings outlook might not be so dim

Associated Press
Why gloomy 2Q earnings outlook might not be so dim

In this Wednesday, July 3, 2013, photo, a trader studies his computer screen on the floor at the New York Stock Exchange in New York. While companies have been lowering expectations for weeks, Wall Street analysts predict earnings for companies in the Standard & Poor’s 500 index to increase 3 percent from a year earlier, according to a survey by S&P Capital IQ. (AP Photo/Seth Wenig)

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