Rattled Bulls Look to Strong Earnings Outlooks as Market Wobbles

The latest mini-selloff in US stocks has shaken most pillars of the three-year bull market. So far unblemished, though, is the support from Corporate America’s profit foundation.

Artificial intelligence euphoria is facing its first prolonged test, as investors look askance at massive borrowing to fund the technology’s buildout. The labor market still looks shaky, going by private data and a spate of layoffs. Federal Reserve officials are signaling they might not cut again this year as the threat to inflation from tariffs persists.