With mixed reports from bellwethers denting enthusiasm for the rally in stocks, investors await one of the busiest weeks of the third-quarter earnings season hoping that key results will not only top estimates, but show improving sales, and provide upbeat outlooks.
This year is shaping up to be the first since 1992 to see the failure of at least 100 banks, and experts suggest we could be no more than 10% of the way through this cycle of bank collapses, which is sure to be the worst run of closures since the Great Depression.
The wave of bank failures washing over the U.S. is creating opportunities for regional lenders that are strong enough to pick up the debris, with help from the Federal Deposit Insurance Corp.
Initial results have far outpaced analysts' expectations. It shows how just how badly beaten down expectations were, but this latest batch of corporate report cards is helping soothe those fears.
A broad-based sell-off among Mexican equities on Friday snaps the longest winning streak in more than five years, and the country's currency loses ground against the greenback after a tumble in stocks on Wall Street.
