NEW YORK-US stock indexes have largely been treading water, as Wall Street preps for an onslaught of earnings that will have more than 100 S&P 500 companies reporting in the week ahead."We're about where we were two months ago," Stuart Freeman, chief equity strategist at Wells Fargo Advisors said of the benchmark indexes.
"We've already seen some of the financial names coming through," said Freeman of banking giants Bank of America Corp and JP Morgan Chase & Co.The duo's earnings and others that reported last week proved mixed, with Bank of America disappointing investors by reporting a sharper-than-anticipated drop in profit and naming a new chief financial officer. Freeman believes first-quarter results overall will prove "better than expected by the Street, but by a smaller margin."The US stock market will be closed on Friday for the Good Friday holiday.(MarketWatch)