A gloomy aura continues to plague the markets today, as a majority of investors wait for positive economic indicators. The Dow Jones Industrial Average
One large storyline today is that the federal and state governments overpaid on unemployment compensation by $14 billion in 2011. Obviously, this did little to cheer investors in the face of already massive deficits, but governments are scrambling to reclaim some of the money. A silver lining: Fewer people than originally reported needed the benefits.
These next few weeks of earnings season should supply more substantive signs of how companies are faring. Investors also are looking to see if the Fed indicates action in its Wednesday meeting. Elsewhere, Europe continued to dominate headlines. Spanish yields again topped 7%.
The big movers
The Alcoa expectations seem to be hurting DuPont
Finally, the Dow's heaviest-weighted component, IBM
That's it for the morning roundup. Earnings reports will continue to affect both individual companies and the markets as a whole. Make sure to check back and stay posted on all the latest news on your favorite companies. Add these companies to your free My Watchlist feature to receive up-to-date analysis whenever news breaks. To get started, click on any company below: