S&P 500 Reaches 25 Times Company Earnings: Financial Spread Betting News

Wall Street opened in negative territory this afternoon, as the ten-month rally left the S&P 500 trading at almost 25 times its companies’ reported operating earnings – the highest valuation since 2002.
Figures released soon after the opening bell were also disappointing. The National Association of Realtors unveiled an unexpected 16% plunge in US pending home [...]

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