Dive Summary:
- U.S. stocks took another dip on Thursday triggering additional concerns over the world economy amid economic data.
- A concern with global demand has sparked selloffs in commodities which in turn have led to a soft spot in equities.
- "You've got a weak market today based on the weak economic data," said Ken Polcari, Director of the NYSE floor division at O'Neil Securities in New York
From the article:
S&P 500 earnings are now expected to have risen 1.9 percent in the first quarter, up from the 1.5 percent estimate at the start of the month, based on actual results from 82 companies and estimates for the rest, according to Thomson Reuters data through Thursday morning.
