Wall Street dips ahead of earnings deluge

- U.S. stocks pulled back slightly on Monday as investors awaited a barrage of major earnings reports this week, the busiest this earnings season, while a jump in energy stocks kept losses in check.

About a third of the S&P 500 companies, including Boeing Co, Amazon.com Inc and Facebook Inc, will report this week, determining whether investors should be concerned about the start of an earnings recession or whether back-to-back quarters of negative growth can be avoided. “Given the waning volume and advance/decline metrics evidenced by equity markets in recent weeks, it would be justifiable to be concerned.”

At 10:02 a.m. ET the Dow Jones Industrial Average was down 56.52 points, or 0.21%, at 26,503.02, the S&P 500 was down 0.17 points, or 0.01%, at 2,904.86 and the Nasdaq Composite was down 3.26 points, or 0.04%, at 7,994.80. Boeing Co was down 1.1% after the New York Times reported the company’s factory in South Carolina, which makes the 787 Dreamliner, has been plagued by “shoddy production and weak oversight”. Another report on Sunday said the planemaker rejected the allegations.

Exaggerating again. A deluge! Do you even understand it's meaning. Come on journalist, have some respect for yourselves and get back to honest reporting instead of this everything is bleek and the world could end with this event.. You do it for every event. Just stop already!

An example for all to note-the difference.

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