report their fiscal fourth-quarter earnings today.
It should be interesting how the market is affected by these earnings announcements in light of
yesterday's interest rate cuts by the
Federal Reserve. Initially, sentiment on Wall Street was that there would be no moves by the Fed until after the
employment report was released. However, the Fed made the surprise announcement yesterday afternoon resulting in a strong rally in the stock market.
With that in mind, keep your eyes peeled for the
initial jobless claims report, which is due out today before the bell. This timely indicator is considered a good gauge of the condition of the labor market. Furthermore, it should provide some clues as to the tone of Friday's
As for monthly releases,
factory orders for November and the
Purchasing Managers Non-Manufacturing Index for December also report today. However, these lightweight indicators should not have much of an impact on today's market.
Expected Earnings Reports
This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 8:30 a.m.:
Initial Jobless Claims for the week ended Dec. 30. Source:
Labor Department. Forecast: n.a.. Previous: 333,000.
Factory Orders for November. Source:
Census Bureau. Forecast: +1.3%. Previous: -3.3%.
Purchasing Managers Non-Manufacturing Index for December. Source:
National Association of purchasing Management. Forecast: n.a.. Previous: 58.5.