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Traders also considered new data on manufacturing and housing, and many earnings reports for guidance into the state of the economy.
The employment market continued to lag, with investors looking for clear signs that companies were not only growing — which they saw in many earnings reports — but also hiring.
Clues to how big a payout is in store could come as early as Friday, when JPMorgan Chase announces its 2010 financial performance, the first of many earnings reports to come over the next week from the likes of Bank of America, Citigroup, Goldman Sachs and Wells Fargo.
Owen Fitzpatrick, who leads the United States equity group at Deutsche Bank Private Banking, said the latest financial warnings unnerved investors, who had previously come to believe that the worst might be over since many earnings forecasts had already been severely ratcheted down.
And we've just had so many earnings come out that it's starting to overpower the system.
Many earnings growth estimates for the technology sector already may be too high.
But we have had many earnings mishaps that have devastated individual stocks and yet failed to topple the market.
Well, the fact is we have had many earnings mishaps that have devastated individual stocks and yet failed to topple the market.
We therefore do not expect to see many earnings misses, allowing companies to focus on what we see as an improving outlook".
I rate the upside scenario a 1-in-3 chance because there are just too many earnings upsets cropping up among the multinationals.
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Many corporate earnings are still weak.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com