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NEW YORK (CNNMoney)
Another big week for corporate earnings gets underway, as the construction equipment maker's results are considered an indicator of the health for the global economy. Analysts expect Caterpillar's (CAT, Fortune 500) earnings per share and revenue figures to decline for the fourth quarter.
Yahoo (YHOO, Fortune 500) is up after the bell. The company's fourth-quarter earnings are a big test for CEO Marissa Mayer, who shocked the world last summer by taking the top spot at Yahoo. The results will be a look into Yahoo's new business strategy -- the results of which Mayer began laying out in an all-staff meeting in September.
Of the 141 companies in the S&P 500 that have reported earnings so far, 67% have reported results above analyst expectations, according to Thomson Reuters. Overall, fourth-quarter earnings are expected to grow 2.8% from a year ago.
On the economic front, the Census Bureau will release data on durable goods orders at 8:30 a.m. ET. Analysts expect orders rose 1.6% in December.
Fear & Greed Index
U.S. stocks have had quite a run in 2013, with four straight weeks of gains so far this year. The Dow finished Friday at its highest level since October 2007, while the S&P 500 closed above the 1,500 mark for the first time since December 2007.
European markets were slightly higher in morning trading Monday, while Asian markets ended finished mixed. The Shanghai Composite added more than 2%, while the Nikkei tumbled nearly 1%. The Hang Seng in Hong Kong edged slightly higher.
First Published: January 28, 2013: 6:35 AM ET
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