Before the bell: Earnings enthusiasm shows signs of slipping - David Schepp

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Before the bell: Earnings enthusiasm shows signs of slipping
Oct 23, 2009 12:30 PM UTC

David Schepp

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Filed under: Before the bell, International markets, Earnings reports, Microsoft (MSFT), Fortune Brands (FO), Economic data, Honeywell Intl (HON), Oil, S and P 500, DJIA, Recession, NASDAQ

Wall Street watchers can be excused for feeling a little whipsawed this week. After watching stocks lose ground early in the week, they roared back Thursday, riding high on a bevy of upbeat earnings reports. That enthusiasm remains partially on display this morning with two of the three major U.S. stock indexes showing a positive opening ahead of the morning bell.

At about 7 a.m. ET, the Nasdaq Composite Index and S&P 500 were slightly higher, while the Dow Jones industrial average was down by about 4 points. The Dow gained 1.3 percent Thursday to close the session at 10,081.31, led by the strong earnings reports from five of the benchmark index's 30 component stocks.

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Before the bell: Earnings enthusiasm shows signs of slipping originally appeared on BloggingStocks on Fri, 23 Oct 2009 07:30:00 EST. Please see our terms for use of feeds.

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