China woes persist as pressure point for U.S. corporate profits

“But, according to some investors, the tariffs themselves may not be the biggest worry as the U.S.-China trade war has also sapped business confidence” writes Midwest Communications Inc for The company’s shares fell 4.1% on Thursday, their biggest one-day drop since April.”Deep cyclical (stocks) have always traded on the trade war,” she said.Even so, some market watchers were concerned that fallout from the trade war may be spreading beyond bellwethers such as industrial companies and chipmakers.”We’re cautious about China,” McCormick Chairman and Chief Executive Lawrence Kurzius, said during the company’s Oct. 1 earnings call.

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