The market closed little changed as investors looked ahead to earnings reports due throughout the week. Earnings for companies in the S&P 500 are expected to be up around 11% versus the Q1 2010. investors will be looking for clues on how companies are coping with rising prices for oil and other basic commodities. It will be the key issue this quarter. After the market closed, Alcoa beat analysts' estimates by a penny.
Tuesday, April 12, 2011
Under pressure ahead of earnings
The market closed little changed as investors looked ahead to earnings reports due throughout the week. Earnings for companies in the S&P 500 are expected to be up around 11% versus the Q1 2010. investors will be looking for clues on how companies are coping with rising prices for oil and other basic commodities. It will be the key issue this quarter. After the market closed, Alcoa beat analysts' estimates by a penny.
