Jul 7, 2008
Stocks move toward mixed open ahead of earnings
U.S. stocks headed for a mixed open Monday as investors await the arrival of second-quarter reports from companies to help determine where the economy is headed.
The calendar is light Monday as investors return from a long weekend, but a decline in oil prices could help shape sentiment. Oil fell below $143 a barrel in Asia amid signs of easing tensions over Iran's nuclear program.
Aluminum producer Alcoa Inc. is set to start earnings season when it reports results Tuesday. Investors are eager to determine how profits are holding up as they worry that rising fuel prices and overall inflation will hamper the economy.
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