Earnings season is set to begin today. Are you ready?
Here are the four things you need to know before the opening bell rings in New York:
1. Earnings: Alcoa unofficially kicks off the U.S. corporate earnings season on Monday after the markets close.
2. On the radar — Yahoo, Tesla: Investors continue to monitor Yahoo (YHOO, Tech30) after the parent company behind the British newspaper, The Daily Mail, confirmed it’s considering a bid for the struggling Internet giant. Shares in Yahoo are edging up in premarket trading.
And Tesla (TSLA) shares are also being watched closely as the company holds a conference call at 12 p.m. ET to discuss “an update” from the firm. The company recently unveiled a new vehicle called the Model 3. Shares in the electric car manufacturer have rallied by just over 20% in the last month.
Oil prices are slipping a tad to trade around $39.50 per barrel. The price of gold is edging up to trade just above $1,250 per ounce.
4. Weekly market recap: The Dow Jones industrial average dropped by 1.2% over the course of last week, its worst return in two months. The S&P 500 also declined by 1.2% while the Nasdaq dipped by 1.3%