U.S. profits could bounce in 2014 if economy gains steam

(Reuters) – A more robust U.S. economy could lift 2014 profits and boost corporate spending, giving some comfort to investors worried about bloated stock prices.

Shoppers ride escalators at the Beverly Center mall in Los Angeles

Faster economic growth should translate into better sales growth for the Standard & Poor’s 500 index, and that has investors watching the coming fourth-quarter earnings reports to see if chief executives sound more optimistic – and if they plan on spending the gigantic pile of cash they are hoarding.  Read more

Categories: Economy, United States

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