As the markets neared the end of May and the Memorial Day weekend, trading was light in sync with a slow period for economic news or important data. The conclusion of the quarterly corporate earnings announcement period – with 488 companies of the Standard & Poor’s 500 having reported earnings prior to the three-day holiday weekend – did nothing to spark significant market activity either. It looks as if first quarter earnings for 2015 will increase 0.3 percent over last year’s numbers, providing us with a positive but very modest rate of growth.
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