Companies that miss on earnings are getting pummeled in sign that stocks are priced for perfection

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Companies that miss on earnings are getting pummeled in sign that stocks are priced for perfection

Traders work on the floor of the New York Stock Exchange.

Spencer Platt | Getty Images

Investors are punishing companies that post disappointing quarterly results more harshly than usual, as the market’s high valuation leaves no room for error, according to Jefferies.

Original news source Credit: www.cnbc.com

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