Jan 9, 2012

Focus shifts back to U.S. earnings

Focus shifts back to U.S. earnings

photoNEW YORK (Reuters) - Stocks have strayed from their recent link to euro moves, and the start of U.S. corporate earnings next week could help shift investor focus back to U.S. fundamentals from Europe. Stocks have traded in line with the euro over the autumn, with both experiencing sharp swings on headlines from the euro zone. That trend may be changing, and it comes just as investors get their first glimpse at fourth-quarter U.S. earnings. Aluminum company Alcoa is expected to report Monday after the closing bell, unofficially starting the reporting period for U.S. corporations. ...

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