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Whether a two-week selloff has been justified should become a little clearer in the coming days, as a slew of companies release fourth-quarter earnings.
Some 76 S&P 500 companies are scheduled to release quarterly profit reports in the week ahead, including Yahoo! (YHOO Quote), eBay(EBAY Quote) and IBM (IBM Quote).
Over the past week, analysts' estimates have been coming down despite good news from Apple Computer(AAPL Quote) and Intel(INTC Quote). According to Thomson First Call, earnings now are expected to rise 15.1% in the fourth quarter. At the start of November, analysts were looking for year-over-year growth of 15.7%. ...
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