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While the Federal Reserve recently indicated its willingness to reduce asset purchases before year’s end, benchmark interest rates have been kept near zero for now. And a low-interest-rate environment should keep supporting the business growth of several companies.
Moreover, analysts expect third-quarter corporate earnings to be strong. According to FactSet, 41 S&P 500 companies have reported third-quarter results so far, with 80% of them topping EPS expectations. And shares of companies reporting earnings growth should soar in the near term.
