Since yesterday's close, a large number of companies have reported quarterly earnings, including IBM, Coca-Cola, Caterpillar, DuPont, Merck, and United Technologies. The results have been somewhat mixed, but the market's fixation has been on the bad news.
Today’s focus will remain on earnings as first quarter releases continue. There is no major economic data schedule for release. The futures are slightly lower as investors take a cautious stance.
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