By EconMatters We discuss a preview of January`s Earnings releases and how massive the gap down in most of these stocks will be when they report in a month. There have already been two earning`s guide downs from industrial companies this past week in UTX, and HON. But with the run up in financials and energies for the last month …
Falling Oil Prices Drag Markets Lower
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks closed mostly lower today, primarily driven by falling oil prices and renewed fears of a global economic slowdown. The S&P 500 dropped 0.29%, the Nasdaq fell 0.32%, while the Dow gained 0.10%. Oil prices fell to a three-year low as Saudi Arabia cut prices of crude exported to the U.S. A …