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McClatchy is the first major newspaper company this quarter to report earnings, setting the stage for what could be dispiriting results in the next few weeks.
He says that the market is likely to get there in the next few months — but that stock prices will have then outstripped earnings, setting up investors for a fall.
RadioShack said on Monday that its chairman and chief executive, Julian C. Day, was leaving and said it expected disappointing fourth-quarter earnings, setting off an 11 percent decline in its share price.
Following Q1's blockbuster earnings setting a new record when it comes to the largest corporate quarterly earnings of all time, Apple shares soared to a new all-time high at the end of February.
By the end of its opening day, it had accrued a total of $34.4 million (including midnight earnings), setting an April opening-day record, replacing Fast & Furious ($30.1 million), and marking the third largest Friday outside of the summer and holiday period, behind The Hunger Games and Alice in Wonderland.
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Investors' sensitivity to the coming corporate earnings set the tone for the session.
Mr. Gupta learned that Goldman's earnings, set for release the next morning, were going to be strong, the government contends.
The bank's earnings set off a modest rally for bank stocks on Friday as investors look ahead for other financial institutions to report more good news next week.
More broadly, Russia, France, China and Tunisia, which holds a rotating Security Council seat, are pressing here to lower the percentage of Iraqi oil earnings set aside for compensation to 20percentt from 30percentt so more money can go to importing goods for Iraqi civilian needs.
Merrills earnings set off a jam-packed reporting calendar this week.
Big Dow earnings set to hit on Tuesday including Johnson & Johnson, Philip Morris and Caterpillar.
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