Before the bell: Investors' caution reigns amid earnings season - David Schepp

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Before the bell: Investors' caution reigns amid earnings season
Oct 22, 2009 12:30 PM UTC

David Schepp

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Filed under: Before the bell, Earnings reports, eBay (EBAY), AT and T (T), Black and Decker (BDK), Bristol-Myers Squibb (BMY), Chubb Corp (CB), Chipotle Mexican Grill'A' (CMG), Economic data, Bunge Ltd. (BG)

Despite largely positive corporate earnings reports, investor caution has set upon Wall Street. For the third straight day stocks are set to move into negative territory, with futures showing the three major U.S. indexes heading lower ahead of Thursday's opening bell.

Some blamed Wednesday's near 1% drops in the Dow Jones industrial average and the S&P 500 on a late-day sell-off driven by the latest Beige Book survey from the Federal Reserve that showed the economy is ever so slowly emerging from recession -- too slowly, it would seem, for investors.

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Before the bell: Investors' caution reigns amid earnings season originally appeared on BloggingStocks on Thu, 22 Oct 2009 07:30:00 EST. Please see our terms for use of feeds.

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