VIRUS SURGE THREATENS NEWFOUND U.S. CORPORATE PROFIT OPTIMISM

(Bloomberg) -- In a year that saw corporate forecasts canceled faster than travel plans, the third-quarter U.S. earnings season brought a sense of normalcy with better-than-expected profits and rising forecasts. Now a second wave of Covid-19 infections and renewed lockdowns threaten to cloud those views.With results from most of the S&P 500 companies in, nearly 85% have beaten profit estimates, ac...