Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Earnings
1) Earnings
Quarterly results are due to come thick and fast Thursday. This morning, we'll hear from industrial giants, airlines and food firms.
There's more to watch after the close of trading. Tech heavyweights Amazon (AMZN, Tech30) and Microsoft (MSFT, Tech30), and famed casino giant Wynn Resorts (WYNN) will also be releasing results after the closing bell.
But that's not all! European bank Credit Suisse (CS) just reported better-than-expected third quarter results. Shares were edging high in morning trading.
2) Buffett's Bad Week Continues
2) Buffett's Bad Week Continues
Warren Buffett just can't seem to catch a break this week as another big investment hits the skids.
British grocery chain Tesco (TESO) just revealed a bigger-than-expected £263 million ($421 million) profit hole due to an accounting bungle. Its sales in the first half were also down. Buffett, through his investment company Berkshire Hathaway (BRKA), owns a significant stake.
Shares in Tesco fell by 5% in London. They're down 48% so far this year.
Buffett lost $2 billion in the first two days of this week on investments in IBM (IBM, Tech30) and Coca-Cola (KO).
3) Market Moves
3) Market Moves
US stock futures were pointing higher ahead of the open. The major indexes all fell by nearly 1% over the previous trading session.
European markets were mixed in early trading, while Asian markets ended with losses.
4) Economic Data
4) Economic Data
The US Department of Labor will be releasing data on weekly jobless claims at 8:30am ET.
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