The Week Ahead: Earnings Downpour
Last week was a frenetic one: Reams of companies reported their quarterly earnings, we saw a fresh set of economic data for both the U.S. and abroad -- and, of course, there was the second presidential debate. While we witnessed some positives, the overall picture continues to be mixed. The manufacturing economy is slowing, and concerns are rising about the technology sector following weak results from Intel (INTC), Advanced Micro Devices (AMD), Microsoft (MSFT) and Google (GOOG), to name a few.
Other concerns were raised by Chipotle Mexican Grill (CMG) and McDonald's (MCD), as well as missed revenues at both General Electric (GE) and Honeywell (HON). One positive surprise from last week was that September housing-starts data were stronger than expected. While the stock market started the week out favorably, the last two days of the trading week saw the S&P 500 give back most of those gains. Meanwhile, the tech-heavy Nasdaq Composite Index plummeted, falling 1.3% for the week. ...1277 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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