And some experts believe Wall Street is underestimating how much the sweeping federal spending cuts that kicked in March 1 are going to slow the economy as government workers are furloughed and contractors lose business. If they're right, that could erode earnings.Investors also have to keep on eye overseas. Half of revenues at big U.S. companies are abroad and some key economies are slowing or contracting. This can hit stocks hard, as General Electric shows.
As The Dow Breaks 15,000, Is It Too Late To Buy?
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