Wall Street analysts expected the first quarter to be bad, as investors continue to bite their nails over the prospect of a recession, but after a tidal wave of quarterly financial results from corporate America last week, led by online retail behemoth Amazon.com Inc., there are signs of a little less anguish.
Throughout April, Wall Street analysts lowered their second-quarter profit expectations for the 500 companies that make up the S&P 500 index SPX by a smaller margin than normal, FactSet Senior Earnings Analyst John Butters…
