Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. Now that the warnings are done, here come the real numbers, Intel forecasts a sales slowdown, a power company stops paying the bills, and Bank of America falls short. From all sorts of companies. Yup, today's the first day of the hotly anticipated earnings season. As for the Dow, it jumped 127.28 to 10652.66 on happy financials.
Stocks go down, stocks go up, stocks go down again.
And nothing changes. Or at least that's what it feels like now. See, I'm getting very Zen-ish about all of this. Fear and trembling about what Intel's announcement may mean for the state of the market dominated the day. While Intel's earnings beat reduced expectations by a penny, it forecast that first quarter sales would fall about 15 percent from the fourth quarter.