STORS attempting to determine whether US equities will rebound from Friday’s selloff or continue to sink will look to a deluge of earnings this week for a clearer picture of the economy.
Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in China and Greece’s place in the Eurozone dented sentiment. Eurozone finance ministers meet on Friday to try to reach a deal for Greek debt repayments.
Next week is among the busiest of the earnings season, with results expected from companies including Amazon.com, General Motors, Boeing and Morgan Stanley.
The results could help investors gauge the impact of the rise in the greenback and assess the strength of the economy after a string of lackluster economic reports.