A slew of second quarter reports will hit the air waves this week. With the DOW falling to 10,097, one might assume that corporations are reporting so so results. Not true, 75% of companies reporting so far have had second quarter results that are far better than expected. I don't really know what gives, I can't explain it. One would think that the DOW would be screaming right now, but its not.
CNN: Stocks poised to begin week higher
...results from 122 companies on tap this week.Reuters: Stock futures point to bounce for Wall Street
The dollar was down against the euro, but up versus the British pound and the Japanese yen.
U.S. light crude oil for August delivery edged down 4 cents to $75.97 a barrel.
Halliburton, the No. 2 oilfield services company, kicks off the quarterly earnings reports for a sector that has been hurt by the blown-out well BP well in the Gulf of Mexico, on which the company did some work.
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