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Wall St Week Ahead - Investors look to earnings for market direction

Traders works on the floor of the New York Stock ExchangeBy Chuck Mikolajczak NEW YORK (Reuters) - Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in China and Greece's place in the euro zone dented sentiment. Investors have grown concerned about the impact of a strong dollar on quarterly results, even as they remain leery of missing out on any rally. "Our markets will get kind of quiet again as we wait for some of those earnings and what is going to happen on the 24th with Greece," said Keith Bliss, senior vice-president at Cuttone & Co in New York.


Investors look to earnings for market direction

A Wall Street sign is pictured in front of the New York Stock Exchange, open during Winter Storm Juno, in the Manhattan borough of New YorkInvestors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in China and Greece's place in the euro zone dented sentiment. Investors have grown concerned about the impact of a strong dollar on quarterly results, even as they remain leery of missing out on any rally. "Our markets will get kind of quiet again as we wait for some of those earnings and what is going to happen on the 24th with Greece," said Keith Bliss, senior vice-president at Cuttone & Co in New York.


Why banks made more money last quarter

NEW YORK (AP) ? Wall Street and Main Street gave banks a boost last quarter.

Shares slide on China margin crackdown, dollar falls

Stacks of Lincoln five dollar bill are seen at the Bureau of Engraving and Printing in WashingtonBy Herbert Lash NEW YORK (Reuters) - Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated on views that stronger U.S. consumer prices were not enough to offset recent weak data that could slow a Federal Reserve interest rate hike. China's securities regulator warned investors to be cautious as Chinese shares hit seven-year highs after seven weeks of gains. China on Friday also allowed fund managers to lend stocks for short-selling and expanded the number of stocks investors can short to increase the supply of securities in the market. Stocks in Europe and on Wall Street fell more than 1 percent on the China news and on worries Greece may run out of money as debt repayments loom.


Wall Street falls steeply with China, Greece fears paramount

Traders work on the floor of the New York Stock ExchangeThe S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings. Selling followed sharp overseas stocks declines and was broad, with all 10 major S&P 500 sectors losing ground. The Dow and S&P 500 both snapped two weeks of gains. For the week, the Dow was down 1.3 percent, the S&P 500 down 1 percent and the Nasdaq down 1.3 percent.


Global shares fall on China margin crackdown, dollar falls

A general view of the Frankfurt stock exchangeBy Herbert Lash NEW YORK (Reuters) - Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated after rising U.S. consumer prices failed to ease concerns that the Federal Reserve might delay plans to raise interest rates. China's securities regulator warned investors to be cautious as Chinese shares hit seven-year highs after seven weeks of gains. China on Friday also allowed fund managers to lend stocks for short-selling and expanded the number of stocks investors can short to increase the supply of securities in the market. Stocks in Europe and on Wall Street fell more than 1 percent on the Chinese news and on worries Greece may run out of money as debt repayments loom.


Brazil's Petrobras to release audited financial earnings

SAO PAULO (AP) ? Brazil's troubled state-owned oil company has said it will reveal its estimate on how much it lost in a sweeping kickback scheme when it releases an audited report of its financial earnings from last year's third and fourth quarters.

US STOCKS-Wall St selloff accelerates amid China, earnings fears

U.S. stocks fell on Friday afternoon, putting the S&P 500 on track for its biggest daily percentage loss since March 25, as concerns over regulations in China, Greece's debt negotiations and disappointing ...
 
 
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