Investors will be looking to a pile of earnings reports due out this week for signs of when the economy might begin to turn around.
And the Federal Reserve will also be chiming in, as everybody waits for Congress to act on President Barack Obama's massive stimulus program.
Earnings reports are expected from hundreds of companies, including technology, energy and consumer products firms. Most major financial companies have already issued their results but reports from American Express and Wells Fargo are yet to come.
Wall Street has largely written off the fourth quarter as a disappointment and investors are looking beyond weak earnings. They're taking cues from company forecasts. And analysts say they're hoping for some "positive surprises" to lift some of the gloom about 2009.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.