All eyes are on telecom heavyweight WorldCom (WCOM) today as it announces its fourth-quarter earnings. The troubled phone company has watched its stock price get knocked around this past year, plummeting from $52.50 all the way down to the mid-teens.

Shares of WorldCom traded down 3% to finish at $20.13 as of yesterday's close. The company is expected to post earnings of 25 cents for the quarter

Today's lone economic indicator is the

initial jobless claims report, due out before the bell. The data is considered a good measure of the condition of the labor market and provides clues as to the tone of this month's

jobs report.

Expected Earnings Reports

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change.

Economic Data

(

TST Recommends

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.: Initial Jobless Claims for the week ended Feb. 3. Source: Labor Department. Forecast: 348,000. Previous: 346,000. Four-week average: Forecast: N/A. Previous: 327,000.
  • 1 p.m.: Treasury refunding. Source: Bureau of the Public Debt. The Treasury announces the results of its 30-year bond auction, at which $10 billion of securities will be sold, with bids due at 1 p.m. The auction is the last leg of the quarterly refunding.