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- Before the bell: Wall Stree points to lose on earnings, Europe in focus
Before the bell: Wall Stree points to lose on earnings, Europe in focus
U.S. stocks were poised to start Monday in the red, as investors faced new concerns about the global economy, while awaiting quarterly results from more than 110 members of the S&P 500 this week.
Analysts say earnings and economic reports are front and center on investors' minds. And issues across Europe - a downgrade of Irish banks and a victory by the anti-bailout True Finns party in Finland - are, once again, weighing on sentiment.
Companies: Former Dow component Citigroup (C, Fortune 500) reported earnings per share of 10 cents, slightly better than forecast. The bank's revenue rose 7% to $19.7 billion, just missing expectations.
Drug maker Eli Lilly (LLY, Fortune 500) and oil services company Halliburton (HAL, Fortune 500) both posted results early Monday that topped analysts' forecasts, and their shares were up more than 1% in premarket trading.
Newspaper chain Gannett (GCI, Fortune 500) reported earnings per share in line with estimates, but fell slightly short on revenue.
Chip maker Texas Instruments (TXN, Fortune 500) will report after the bell.
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