Worries about Europe's debt crisis and uncertainty over the U.S. debt ceiling kept investors on edge. There is just too much uncertainty. In the same time, analysts at Capital IQ expect second-quarter earnings for the companies in the S&P 500 to be up 15% versus the same period last year. After the bell, IBM reported Q2 earnings that beat analysts' expectations and rose 18%. Cisco announced plans to cut its global workforce by 6,500 employees, including some early retirements. The US futures point to a higher open.
Tuesday, July 19, 2011
Looking for direction
Worries about Europe's debt crisis and uncertainty over the U.S. debt ceiling kept investors on edge. There is just too much uncertainty. In the same time, analysts at Capital IQ expect second-quarter earnings for the companies in the S&P 500 to be up 15% versus the same period last year. After the bell, IBM reported Q2 earnings that beat analysts' expectations and rose 18%. Cisco announced plans to cut its global workforce by 6,500 employees, including some early retirements. The US futures point to a higher open.
