After a rocky start to the earnings season culminated in a massive stock selloff Friday, traders in the coming week will look to see if a deluge of profit reports can help the market regain its footing.
"Earnings were choppy last week, and the market reflected that," says Paul Mendelsohn, strategist at Windham Financial. "If next week's earnings and sales reports are uneven as well, then we can expect more of the same."
Some high-profile misses -- especially in the tech and banking sectors -- are keeping traders on edge heading into next week's flood of corporate releases. The market took a thrashing Friday, with the Dow Jones Industrial Average shedding all of its gains for 2006, following disappointing reports from giants Citigroup (C Quote) and GE(GE Quote). ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,390.11 | 1,103.25 | 2,189.61 | 34.48 |
Oil *
76.70
|
|
UP
1.21
|
DOWN
2.73
|
DOWN
4.74
|
DOWN
0.35
|
10 Yr
3.45%
SPDR Gold
113.11
|
|
+0.01%
|
-0.25%
|
-0.22%
|
-1.00%
|
Data delayed 20 minutes |


Connect with TheStreet