Seeking Alpha

Market recap: Stocks erased early losses to finish flat in choppy trading, but gains were...

Market recap: Stocks erased early losses to finish flat in choppy trading, but gains were limited by declines in energy and techs and maybe a sense that the market run-up needs time to consolidate. Investors may be starting to book profits after the market's 6% jump in one month. So far, 301 S&P 500 firms have reported this quarter, with 69% topping EPS estimates and 66% beating on revenues.
Comments (3)
  • Horrible earnings performance. Crash coming.
    6 Feb 2013, 06:37 PM Reply Like
  • to be sure, is it a sarcasm?
    7 Feb 2013, 12:28 AM Reply Like
  • I think anything below 110% of companies beating both earnings and revenues is bearish for the market.
    8 Feb 2013, 01:25 PM Reply Like
DJIA (DIA) S&P 500 (SPY)