Microsoft tomorrow is the most significant earnings report this week, ... Everyone knows management's usually fairly cautious, so if they say something really good, that could help things a lot.
Microsoft tomorrow is the most significant earnings report this week. Everyone knows management's usually fairly cautious, so if they say something really good, that could help things a lot.
There are some genuinely problematic reports out today, like Merck, but there's a lot of good stuff, too, and people are taking some pretty decent earnings and focusing on the negative.
Everything's coming in really strong on the earnings front, across a number of sectors, but the market doesn't seem to be responding to it. I think it's just a bit of 'sell the news' in terms of a lot of these earnings.
There's a lot of optimism about the earnings due in the next few weeks, and right now that's concentrated in technology, with people feeling upbeat about tech earnings and spending, which is why you've been seeing the Nasdaq perform a little better than the others this last week.