With an onslaught of earnings reports over the next five sessions, headlined by more than a quarter of all S&P 500 companies, the coming week looks to be one of the busiest of this second-quarter reporting season.
While the handful of financial reports in the previous week helped push the S&P 500, Nasdaq and Dow Jones Industrial Average higher, market observers caution that the incoming torrent of releases may not act as a strong enough catalyst for the market to push through overhead resistance. During the previous week, the major U.S. stock averages jumped roughly 7% each on key earnings reports from several financial companies, including JPMorgan Chase (JPM Quote) and Citigroup (C Quote), as well as tech giants Intel(INTC Quote) and IBM(IBM Quote).
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,023.42 | 1,069.30 | 2,112.44 | 35.03 |
Oil *
76.05
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UP
17.46
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UP
2.67
|
UP
7.12
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DOWN
0.30
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10 Yr
3.50%
SPDR Gold
107.43
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|
+0.17%
|
+0.25%
|
+0.34%
|
-0.85%
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