Peter Schacknow, Senior Producer, CNBC Breaking News DeskEurope and corporate earnings are the major focus of U.S. investors today, following a mixed start to the week.
The S&P 500 did manage to eke out a fractional gain Monday, marking the 9th advance in 10 sessions.
The remainder of the week will be quite busy for earnings, with five Dow components highlighting this morning’s calendar: DuPont (DD), Johnson & Johnson (JNJ), Travelers (TRV), McDonald’s (MCD), and Verizon (VZ).
Other notable reports out before the opening bell include Kimberly-Clark (KMB), Regions Financial (RF), KeyCorp (KEY), Harley-Davidson (HOG), EMC (EMC), Coach (COH), and Baker Hughes (BHI).
Investors will also be looking over a number of significant reports after the closing bell today, highlighted by Apple (AAPL) and Yahoo (YHOO), as well as Altera (ALTR), Advanced Micro Devices (AMD), Norfolk Southern (NSC), and Stryker (SYK).
There are no major economic reports set for release ahead of tomorrow’s Fed meeting and Bernanke news conference.
The only calendar item today is the Treasury’s auction of $35 billion in 2-year notes, with the results available shortly after 1pm ET.
Texas Instruments (TXN) leads our list of stocks to watch, after beating estimates with its latest profits and revenues.
VMWare (VMW) also beat consensus with its fourth quarter results, and both stocks saw positive action in after-hours trading.
Polycom (PLCM) was also an after-hours winner, as its Q4 earnings rose a better than expected 50%.
President Obama is set to give his State Of The Union address tonight at 8pm ET, with the White House saying he’ll focus on creating an economy “built to last”.
On the GOP side, Mitt Romney has released his most recent tax returns, and fellow contender Newt Gingrich’s firm has made public a copy of his controversial consulting contract with Freddie Mac.
In Europe, EU finance ministers have rejected the latest version of a Greek debt swap offer put forth by private investors, but talks are continuing in hopes of working out a deal.
The setback pushed the euro back from a three-week high against the U.S. dollar.
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