S&P 500 Earnings to Take a Big Hit From Trump Tariffs, BofA Says
S&P 500 firms could see an 8% hit to earnings if Mexico and Canada retaliate on tariffs, BofA says. Wall Street expects an EPS drawdown to dent the S&P 500’s rally. US earnings are otherwise set for strength amid upbeat corporate sentiment. A tit-for-tat trade war between the US and its neighbors could spell real…