After finally eclipsing year-old record highs, the U.S. stock market will be tested again next week, when the onslaught of company earnings could help investors assess the impact of Britain's vote to exit the European Union.
Investors were expecting to see evidence of a second-half profit rebound, but U.S. companies are already sounding more cautious, thanks to worries about global economic weakness and renewed dollar strength since the June 23 vote.
Market bulls have been hoping stronger profits could spur further gains in stocks this year, or at least keep the gains they've made so far. The recent rally that drove the S&P 500 <.SPX> above its May 2015 records has left the benchmark up 5.8 percent for the year so far.
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Investors were expecting to see evidence of a second-half profit rebound, but U.S. companies are already sounding more cautious, thanks to worries about global economic weakness and renewed dollar strength since the June 23 vote.
Market bulls have been hoping stronger profits could spur further gains in stocks this year, or at least keep the gains they've made so far. The recent rally that drove the S&P 500 <.SPX> above its May 2015 records has left the benchmark up 5.8 percent for the year so far.
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