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Futures flat as investors brace for a tough earnings season amid coronavirus crisis

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Earnings season is set to kick off on Tuesday with JPMorgan Chase, Wells Fargo and Johnson & Johnson reporting numbers in the morning.

reporting numbers in the morning. The first batch of results will give investors a sense of how devastating the hit to corporations could be from the pandemic.

"Even the lowered forecast may prove optimistic given some analysts have not adjusted numbers since mid-March in response to the lockdowns in many major cities throughout the country," said Jeff Buchbinder, equity strategist for LPL Financial.

 

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