FILE -Traders work at their stations at the New York Stock Exchange, Friday, May 26, 2023, in New York. Corporate profits should have hit bottom already: After falling for much of the last year, S&P 500 companies are expected to report 0.2% profit growth for the summer. While that sounds anemic, it would be the first quarter of growth in a year, according to FactSet. For three straight quarters, profits have fallen from year-ago levels due to pressure from higher costs and a fragile global economy.

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