Even still, we remain near very key levels on the S&P futures, and a break below 1,368-70 might see additional selling pressure. Commodity markets are also flat this morning, with Oil futures trading just above $102 per barrel and Gold futures in near $1,650 per ouce. Yields on the 10- and 30-year Treasury futures are relatively unchanged.
Alcoa (AA) reports earnings after the bell today, with analysts expecting a quarterly loss in the area of $0.03 per share. Tomorrow morning, Progressive (PGR) reports with earnings expected at $0.39 per share. These are just the warm-up acts to giants like Google (GOOG), JPMorgan (JPM), and Wells Fargo (WFC), which report starting Thursday.