The Dollar Did It: Currency Headwinds Hit Pfizer, Procter & Gamble as Market Slumps

For a while now, pundits have been wondering what impact the strong dollar would have on U.S. corporate earnings. We got our answer today, and it wasn’t a good one, as companies from Microsoft (MSFT) and DuPont (DD) to Pfizer (PFE) and Procter & Gamble (PG) all cited the greenback as at least one reason [...]