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MARKETS
First sign of profit recovery seen
Q4 profit warnings are running below the torrid pace of prior quarters, First Call says. That raises hopes the stream of bad profit news may soon end. But First Call's Chuck Hill cautioned signs are tentative. He notes warnings dried up in the holiday week. Even if the trend is real, S&P 500 profits likely won't turn positive until Q2. But this is "the first ray of ...