Earnings season has been moving markets recently and a total of 130 companies are set to release results this week. Today, IBM was a key mover after releasing their earnings report. Figures were weaker than expected with the company posting lower quarterly earnings and revenue ahead of the market open. The expectation was to see earnings of $4.31/share, however, the total was just $3.68. Revenue was predicted to be $22.4 billion and instead totaled $23.37 billion.
U.S. markets opened mixed after rallying on Friday. The S&P 500 has so far added 0.35% following various earnings reports. The Dow Jones, however, is currently down 0.17% as IBM leads losses. IBM, the second biggest component of the Dow, is down 7%. Markets are also reacting to comments from the Dallas Fed President, Fisher, who stated that he supports ending the quantitative easing program at the next meeting. For the rest of the day keep an eye on earnings releases from companies such as Apple, Monarch and Rent – A- Center and make sure to listen to comments from FOMC member, Jerome Powell at 2PM GMT.
October 20, 2014 – Stock Market News
Earnings season has been moving markets recently and a total of 130 companies are set to release results this week. Today, IBM was a key mover after releasing their earnings report. Figures were weaker than expected with the company posting lower quarterly earnings and revenue ahead of the market open. The expectation was to see earnings of $4.31/share, however, the total was just $3.68. Revenue was predicted to be $22.4 billion and instead totaled $23.37 billion.
U.S. markets opened mixed after rallying on Friday. The S&P 500 has so far added 0.35% following various earnings reports. The Dow Jones, however, is currently down 0.17% as IBM leads losses. IBM, the second biggest component of the Dow, is down 7%. Markets are also reacting to comments from the Dallas Fed President, Fisher, who stated that he supports ending the quantitative easing program at the next meeting. For the rest of the day keep an eye on earnings releases from companies such as Apple, Monarch and Rent – A- Center and make sure to listen to comments from FOMC member, Jerome Powell at 2PM GMT.
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