It's earnings season! This is one of the four times each year when investors have the chance to see how their portfolio companies are performing relative to Wall Street's expectations. With a lack of market-moving economic data on the table this week, expect investor focus to fall on this first wave of reports in order to gauge the private sector's resiliency to the economic events of the past few months. As we approach our first reports, here's a glance at where U.S. futures markets stood as of this writing.
|Dow Jones Industrial Average ||(54)||(0.4%)||12,673|
|S&P 500 ||(5)||(0.4%)||1,346|
Source: Yahoo! Finance.
This earnings season is of particular interest to investors, given the spike in earnings warnings that have occurred in previous weeks as companies admitted to their struggles amid the current global economic turmoil. One of the more notable negative preannouncements was from Procter & Gamble
Leading off for Dow components is aluminum producer Alcoa
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