Street braces for rush of corporate, economic data (AP)

Posted by admin on February 5, 2009 under News | Be the First to Comment

Street braces for rush of corporate, economic data (AP)

Graphic shows change in the S&P 500 index for January and the year since 2000; 2 c x 2 7/8 in; 96.3 mm x 73.025 mmAP – Wall Street is bracing for yet more reminders this week that the economy is in rotten shape. Companies from networking-gear maker Cisco Systems Inc. to media giant Time Warner Inc. are set to report quarterly results, while a steady stream of economic readings is also due. The most recent numbers from companies and the government haven’t been roundly awful, but most have. That is stirring fears the economy’s slide isn’t slowing.


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