Third-Quarter Earnings Season Is Here—What You Need to Know

Big banks and economic data will be the main events of earnings season this week.
Third-Quarter Earnings Season Is Here—What You Need to Know
A trader works on the floor of the New York Stock Exchange on Aug. 6, 2024. AP Photo/Richard Drew
|Updated:
0:00

Wall Street registered sharp losses heading into a week filled with third-quarter earnings reports and key economic data.

The leading benchmark indexes slumped, led by the 1.18 percent decline in the tech-heavy Nasdaq Composite Index. The blue-chip Dow Jones Industrial Average erased nearly 400 points, or 0.94 percent, while the benchmark S&P 500 Index dropped 0.96 percent.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."