The Week Ahead in the Stock Market
October 15, 2012
Market Information for this Week.....
The Week Ahead in the Stock Market – October 15, 2012
A tough earnings season and election politics could combine to make for a volatile stock market in the week ahead.
The second presidential debate takes place Tuesday night, and it has the potential to once more move the needle in a very tight race between President Barack Obama and former Mass. Gov. Mitt Romney.
Also the information required in regard to earnings, economic data, ETFs is also included.
The Economy and Earnings in the Week Ahead – October 15, 2012
Third-quarter earnings season kicks into high gear in the week ahead with earnings reports from several financial and technology bellwethers. Also due are economic reports from across a spectrum of important sectors.
The Past Week Stock Market Results – October 15, 2012
The market's desultory performance came as the first week of earnings season ended.
Earnings season got underway this past week, although the few results that trickled in were less than inspiring. Alcoa, Costco, JP Morgan, and Wells Fargo all slumped after reporting, putting the onus on the week ahead and the lineup to come through.
The lousy start to earnings contributed to a down week for the stock market, as the major indices all slumped more than 2%. Gold continued to fall away from the $1,800 level, while oil firmed a bit to move above the $90 mark.
The Major ETFs in the Week Ahead – October 15, 2012
The major U.S. indexes, particularly ETFs have moved lower over the past week as a result of negative news out of Asia and the European Union. While some employment figures have been positive, the market is awaiting confirmation of a jobs recovery before becoming too bullish.