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E-Mini S&P 500: Lagging reports equate to sagging market?

It is the earnings season and so far the corporate earnings seem to miss expectations. Google today came out today without hitting the forecasts expectations. The earnings forecasts for this year seems to be fraught with anxiety over readings that normally may give the market a boost. The Initial Jobless Claims rose 27,000 to a seasonally adjusted 380,000. Goldman Sachs is again in the news only this time, they are under a senate investigation. Goldman shares had fallen 2.9%.  Ford Motor Co. fell 1.8%.  It is said that the earthquake somehow hindered the earnings for automakers this year. Crude Oil prices are still high and may weigh on the market. Inflation is still an element of concern. Today’s PPI rose .7 % attributed to the energy sector. 


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