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NEW YORK — Investors to corporate America: Meh.
US companies are reporting strong profits for the fourth quarter of last year. But most are failing to impress investors who were hoping for even better numbers or rosier outlooks, and are too worried about larger global macroeconomic forces to do much buying.
‘‘Earnings season is going quite well,’’ said Christine Short, a senior manager at the research firm S&P Capital IQ. ‘‘But what we’re seeing in earnings season is not what we are seeing in the market.’’
With results in from half of the companies in the S&P 500 index, fourth-quarter earnings are up a respectable 7.3 percent, making it the best quarter of last year, according to S&P Capital IQ.