From Investor's Business Daily (also on blogroll at right):
8:23 AM ET
Stock market futures extended losses Monday morning as Dow Jones component Caterpillar (CAT) fell well short on fourth-quarter earnings views. Alexion Pharmaceuticals (ALXN) reported a positive late-stage trial. Dow Jones futures, S&P 500 futures and Nasdaq futures all pointed lower before Monday's stock market open in a huge week for earnings and other market-moving news. A modest market retreat could help top stocks such as Salesforce.com (CRM), Microsoft (MSFT) and Boeing (BA) polish off handles, offering a lower entry.
Stock Market Futures
Stock market futures signaled a retreat at Monday's open. Dow Jones futures fell 0.8% vs. fair value, S&P 500 futures 0.6% and Nasdaq 100 futures 0.7%.
Last week, the major stock market averages tested their 50-day moving averages, but after a Friday rally, the Dow Jones and Nasdaq composite rose 0.1% for the week while the S&P 500 index lost 0.1%.
Stock Market: A Busy News Week
This week's big news includes the first Fed meeting of 2019, high-level China trade talks in Washington and the January jobs report. Meanwhile, President Donald Trump said he's ready for another government shutdown if there's no border wall funding by Feb. 15.
But first and foremost this week is a huge week for earnings, with Apple (AAPL), Microsoft, Boeing, Visa (V), Exxon Mobil (XOM) among the 13 Dow stocks reporting this week and 114 S&P 500 companies....MORE
