The stock market trades near the unchanged mark, on what has been a
slow start to the busiest week in the second quarter earnings reporting
season.
More than 150 S&P 500 companies are set to report their earnings
this week. According to Thomson Financial, second quarter earnings are
expected to fall 17%, largely due to a 81% drop in financials. Of the
88 S&P 500 that have already reported earnings, 73% have topped
expected, 9% have beat, and 18% have fell short of estimates.