Wall Street falls as earnings eyed

Wall Street falls as earnings eyed

By AFP

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

US stocks have opened lower ahead of the unofficial start of second-quarter earnings season and with US drug maker AbbVie raising its informal offer to buy Irish company Shire Pharmaceuticals.

The companies in the S&P 500 are expected to report earnings 6. 5 per cent higher than in the year-ago period, according to a report by S&P Capital IQ.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Earnings season kicks off after the markets close on Tuesday with the release of a report from aluminium producer Alcoa.

Read more here: Business Spectator

    

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