As the market continues to take a barrage of jabs and body blows, Wall Street looks to a fresh batch of economic data and a few earnings announcements to help fight its way out of the corner.
Today's earnings lineup includes battered software giant
, condiment king
and publishing software company
According to a 30-analyst consensus, Oracle is expected to post third-quarter earnings of 10 cents a share, up a penny from a year ago but 2 cents lower that what analysts had anticipated.
Shares of the California-based company traded down 5.5% to finish at $16.10 yesterday.
As for economic data, today marks the release of the
Philadelphia Fed Index for March and the weekly
initial jobless claims. The Philly Fed Index is a regional manufacturing index that measures factory-sector growth. Initial jobless claims measure the number of persons filing for state unemployment insurance for the first time.
Both indicators have the potential to move markets.
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 March 10. Source:
Labor Department. Forecast: n.a. Previous: 374,000.
Four-week average: Forecast: 364,000 Previous: 370,000.
Import Price Index for February. Source:
Labor Department. Forecast: +0.1%. Previous: -0.4%.
Export Price Index: Forecast: n.a. Previous: +0.2%.
Philadelphia Fed Index for March. Source:
Philadelphia Fed. Forecast: -26.7. Previous: -30.5.
Housing Market Index for March. Source:
National Association of Home Builders. Forecast: n.a. Previous: 58.