US earnings move into 2nd week; Tesla, IBM on tap
US EARNINGS MOVE INTO 2ND WEEK; TESLA, IBM ON TAPThe third-quarter S&P 500 earnings season goes into its second week next week with an improved estimate for profit growth after major U.S. banks started the reporting period this week on a strong note.Estimated earnings for S&P 500 companies is at 9.3% as of Friday, up from 8.8% a week ago, according to LSEG.A whopping 86.2% of earnings reports are beating analysts' expectations, based on results from 58 of the S&P 500 companies. Among them, Well Fargo reported results that surpassed expectations.Next week brings results from Tesla , Netflix , Coca-Cola and tech giant IBM .Results and comments from executives continue to offer information for investors at a time when most government economic data is unavailable because of the U.S. government shutdown, which began October 1. (Caroline Valetkevitch)*****EARLIER ON LIVE MARKETS RISK-OFF SLAMS CRYPTO; BITCOIN HEADED FOR WEEKLY DROP CLICK HERE US STOCKS EDGE UP; TRUMP SAYS 100% TARIFF ON CHINA NOT SUSTAINABLE CLICK HERE HOLLYWOOD'S OVERSEAS BOX OFFICE NOW SHOWING TARIFF TROUBLE CLICK HERE S&P 500 CASH SPENDING TO CLIMB IN 2026, GOLDMAN SACHS SAYS CLICK HERE GENERATIVE AI'S ROI STILL UNCLEAR, WARNS EDMOND DE ROTHSCHILD CIO CLICK HERE ARE CHIP SHORTAGES THE NEXT PROBLEM FOR EUROPEAN AUTOS? CLICK HERE FUND MANAGERS STARTING TO TAKE OFF FX HEDGES CLICK HERE BANKS, DEFENCE TUMBLE, ESSILORLUXOTTICA SHINES CLICK HERE EUROPE BEFORE THE BELL BANKS ARE BACK ON THE AGENDA CLICK HEREMORNING BID: ADD CREDIT RISK TO A BUBBLE, AND STAND WELL BACK CLICK HERE