File - Traders work on the floor of the New York Stock Exchange on January 31, 2014 in New York City. (Spencer Platt/Getty Images/AFP)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Investors may crave a quiet market this week to digest the recent volatility in stocks and rehash Sunday's Super Bowl, but the prospect doesn't look likely.More than 80 S&P 500 components are set to report earnings this week, but the myriad issues surrounding emerging markets remain at the forefront for investors.For the month of January, the Dow fell 5.3 percent and the S&P 500 lost 3.6 percent – marking their worst monthly percentage declines since May 2012 .Goldman Sachs analysts wrote that when MSCI's emerging markets index falls at least 5 percent, the S&P 500 tends to fall by half of that.Goldman estimated that S&P 500 companies derived 5 percent of their profits from emerging markets, with some sectors more affected than others.Yum's stock lost 11.2 percent in January, while GM shares dropped 11.7 percent.With half of the S&P 500 companies having reported earnings so far, almost 70 percent have topped earnings expectations, above the long-term average of 63 percent, according to Thomson Reuters data.The S&P 500 is about 0.5 percent above its 100-day moving average, a level that could provide support against further losses.
FOLLOW THIS ARTICLE