REUTERS: Wall Street was set to open lower on Monday after a strong rally last week, with investors bracing for an expected slide in quarterly earnings and signs of the lingering impact of the coronavirus outbreak on Corporate America.
"We're bracing for one of the worst earnings seasons in recent history," said Jesse Cohen, senior analyst at financial markets platform Investing.com. "It's becoming clear that reaching the virus crescendo does not automatically translate into a timeline for when an economy will re-open," said Marios Hadjikyriacos, investment analyst at online broker XM in Cyprus.
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Futures retreat as focus turns to corporate earningsU.S. stock index futures declined more than 1per cent on Monday after a strong rally last week, with investors bracing for the earnings season for ...
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Asia stocks begin earnings season with declines amid coronavirus uncertaintiesSYDNEY (BLOOMBERG) - Global stocks started the week on the back foot as investors readied for the start of earnings season amid unprecedented uncertainty over the corporate impact of the coronavirus pandemic. Oil prices climbed in volatile trading after a historic deal to cut output.. Read more at straitstimes.com.
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