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Tuesday, January 19, 2010

The Market On Tuesday

At 7:30 a.m. futures are down.

All eyes are waiting for Citgroup's fourth quarter earnings report which is due to hit the stands at 8:00 a.m. The report is expected to be bad, and if its worse than expected, well let's just say, its a nice day to do some pre-spring garden planning.

CNN: Stocks headed for weak open
"For the remainder of the week, we've got a pretty heavy dose of financial reports...This is going to be somewhat of a reality check."
Reuters: Stock futures mixed; all eyes on Citigroup
Apple Inc will host a special event on January 27 where it is widely expected to unveil its tablet computer, as the company looks to extend its hot hand into a brand new product category.

Oil prices were steady above $78 a barrel on Tuesday on expectations that Chinese economic indicators to be published this week will signal strong demand growth from the world's second-largest oil consumer.

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