It's make-or-break time for the first-quarter earnings
season, and it comes just as the stock market is showing signs of strain, according to CNBC. About 170 S&P 500 and 10 Dow companies
report earnings in the week ahead, and they include everything from tech icon
Apple to industrial names like Caterpillar and energy companies like giant
Exxon. As of Friday, a fifth of the S&P 500 had reported, and two-thirds
had better-than-expected earnings. But an unusually high amount—57
percent—missed their top-line revenue estimates, according to Thomson Reuters…..That's
a cause for concern, since stocks traded in one of the most volatile seesaw
patterns of the year in the past week, as worries about global growth increased
amid a dramatic sell-off in commodities….
The Dow finished its
worst week this year 2.1 percent lower at 14,547, and the S&P 500 was down
2.1 percent at 1,555. The Nasdaq was down 2.7 percent for the week, even with
Friday's big gain of 1.3 percent on the back of a tech rally….
Read more at http://www.cnbc.com/id/100656626
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