NEW YORK (
) -- Sentiment is bearish as the second-quarter earnings season draws to a close and as investors turn their attention to the labor market and economic growth.
As of 5 a.m. EDT Monday, the latest edition of
Bull vs. Bear poll finds survey-takers bearish on the stock market this week tallying 262 votes, or 54.1%, of the 484 total votes cast in the poll. Bulls came in with 157 votes, or 32.4%, while those neutral on stocks this week were at 65 votes, or 13.4%.
On the docket for investors are
during the second quarter on Friday. Last week, jobless claims rose to 500,000, the highest level since November 2009. The numbers surprised analysts who were expecting a decline.
Meanwhile, GDP for the second quarter is expected to be revised lower to 1.4%, according to analysts, from the government's first reading of a 2.4% annual pace.
The precious metals and commercial banks sectors were viewed as the sectors most likely to rise this week, while on the flip side banks and homebuilders were seen posting the greatest declines. Luxury builder
reports earnings Wednesday.
Earnings slows down this week, but retailers such as
( JCG) and
, and tech companies
( NOVL) and
chime in with reports.
Premarket futures were rising suggesting stocks would open higher Monday on Wall Street.
Asian stocks ended trading on Monday lower, while European shares as of 5 a.m. were higher.
Dow Jones Industrial Average
fell 0.9% last week and the
closed 0.7% lower. The
Composite Index managed to post a 0.3% gain.
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The poll closes at 9:15 a.m.
-- Written by Joseph Woelfel in New York.