Stocks: Jobs shock lingers, earnings loom

Written By limadu on Senin, 13 Januari 2014 | 04.32

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NEW YORK (CNNMoney)

U.S. stock futures for all the major indexes were edging lower ahead of the opening bell.

Investors and traders are still digesting Friday's jobs report, which showed an extreme slowdown in job creation in the final month of 2013. Many experts are now saying colder-than-normal temperatures in December hit hiring.

Related: Wolves of Wall Street to report earnings

Now investors are looking ahead to the first big round of fourth quarter earnings coming later in the week.

JPMorgan (JPM, Fortune 500) and Wells Fargo (WFC, Fortune 500) are scheduled to report Tuesday morning, while firms including Bank of America (BAC, Fortune 500), General Electric (GE, Fortune 500) and Intel (INTC, Fortune 500) are up later in the week.

Ahead of its earnings, yoga pant retailer Lululemon (LULU) cut its fourth quarter earnings guidance, saying that traffic and sales have declined since the beginning of January. The company's stock dropped more than 8% in premarket trading.

Shares in automakers may also be moving this week as Detroit hosts the North American International Auto show. Major automakers such as General Motors (GM, Fortune 500) and Ford (F, Fortune 500) use the event to showcase their newest vehicles and innovations.

At 2:00 p.m. ET Monday, the U.S. Treasury Department will release its monthly budget report.

Related: Fear & Greed Index

U.S. stocks finished mixed Friday as investors were taken by surprise by the weak employment report.

European markets were also mixed in morning trading.

In Asia, roughly 50,000 anti-government protestors attempted to shut down Bangkok as they try to force Thailand's prime minister from office.

The country's main stock market index has fallen by roughly 25% since mid-May, but rose by 2.2% Monday.

Other Asian markets ended with mixed results.

Japan's markets were closed. To top of page

First Published: January 13, 2014: 5:45 AM ET


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