The United States has only five days left to raise the debt ceiling or face default. The decision is stalemated in Congress despite the urgency. Earnings season has kicked off in earnest with financial stocks leading the decline. Bullish traders are hoping for a better showing from the heavy slate of earnings Tuesday.
Goldman Sachs (NYSE: GS)
The banking heavyweight reports before the bell with a forecast number of $2.32. Shares are lower fractionally.
Bank of America (NYSE: BAC)
A $(0.91) loss is slated for the banking giant prior to trading. The stock was slammed nearly 3%.
Coca Cola (NYSE: KO)
The largest soft drink company on earth reports prior to the opening bell with an expected $1.16. Shares are off about 1%.
Apple (Nasdaq: AAPL)
Expected to post an astounding $5.73, the tech giant reports after the closing bell. Bucking the downtrend, shares are higher by more than 2%.
Yahoo (Nasdaq: YHOO) $0.18 is projected for the internet giant after the market closes. The stock is trading lower by about 2%.
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