Market Currents
Market recap: Stocks took a breather from Friday's big gains, as investor focus turned to the...
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Monday, July 16, 2012, 4:10 PM ETMarket recap: Stocks took a breather from Friday's big gains, as investor focus turned to the first big week of earnings season. Negative to positive earnings guidance for Q2 is 3.3-to-1, worst since 2008, and many investors are assuming a defensive crouch. Weak retail sales and the IMF's downbeat global outlook also hit sentiment. NYSE losers led gainers nearly two to one.
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