All eyes are on telecom heavyweight WorldComundefined 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
Expected Earnings Reports
This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change.
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 Feb. 3. Source:
Labor Department. Forecast: 348,000. Previous: 346,000.
Four-week average: Forecast: N/A. Previous: 327,000.
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.