Earnings Reports

It is encouraging to see that the overall market is not being affected by the YHOO disaster. The resiliance of the futures suggests that we will see follow through from the afternoon strength yesterday. As I have mentioned, I am not always aware of when a profiled company will be reporting earnings and you need to be sure to check that on your own. Last night ILMN reported earnings which were strong enough to gap the stock almost 5 points higher this morning and I am told that ET reports after the close today. Don’t forget about the Fed Chairman’s testimony before Congress today and tomorrow.