Oil Set to Plague Wall Street; GM Eyed
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Wall Street was expected to open lower on growing fears rocketing oil prices will crimp corporate profit growth, with General Motors Corp.'s (GM.N) under pressure on a report orders may slip.
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By George Chamberlin , Daily Transcript Financial Correspondent. Concerns about oil production leading into the winter months sent shivers through the stock market Wednesday.
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U.S. stock futures pointed to a lower  market open on Monday, as oil prices hit another record,  fueling worries that soaring energy costs will bite into  corporate profits.
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U.S. stock futures pointed to a lower  market open on Thursday, weighed down by rising oil prices and  a crop of warnings in the chip sector.
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Wall Street was expected to edge higher  at Thursday's opening as oil prices receded from record highs,  easing fears spiraling costs will crimp firms' profits.
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U.S. stocks tumbled to fresh 2005 lows  on Thursday as oil prices climbed, stoking concerns of higher  energy costs squeezing corporate profits, while General Motors  Corp. GM.N provided a weaker profit outlook.
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U.S. stock futures slipped on Tuesday, indicating an opening fall on Wall Street, with energy shares set to be hit but the broader market supported by crude's continued fall.
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Troubles buffeting the U.S. mortgage market could get worse as resurgent crude oil prices squeeze the finances of already hard-pressed borrowers, analysts say, and that could spell more trouble for Wall Street.
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Wall Street was set to open flat on  Wednesday as investors keep their powder dry ahead of another  batch of earnings, led by J.P. Morgan JPM.N bank and General  Motors GM.N.
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U.S. stocks tumbled to fresh 2005 lows  on Thursday as oil prices climbed, stoking concerns that higher  energy costs will squeeze corporate profits, while General  Motors Corp. GM.N provided a weaker profit outlook.
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U.S. stock investors looking to recoup  from the worst week in almost three months will have to keep  one eye out for signs of weakness in the tidal wave of earnings  due next week and the other on the threat surging oil prices  pose to the economy and profits.
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The record price of oil has ruled Wall Street for months now and next week investors will get a close look at just who has profited the most from black gold's big run.
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NEW YORK - Investors are expected to focus on oil prices and corporate earnings outlooks this week, and the slightest warning about company revenues could weigh on stocks.
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Sky-high oil prices are likely to pressure Wall Street once again on Thursday, while earnings news from tech giants Ciena (CIEN.N) and Nortel (NT.TO) and Google's (GOOG.O) awaited Nasdaq debut will also steer sentiment.
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A new reporting period for company earnings kicks into gear next week, giving investors a bit of hard data to chew on, and markets could be volatile if the price of crude oil stays north of &#36;50 a barrel.
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Record crude oil prices, a tidal wave  of quarterly earnings reports and anxiety ahead of the U.S.  presidential election may pin U.S. stocks down next week.
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US stocks looked set to open lower on Monday as oil prices approach record levels, fueling concerns that high energy costs are biting into corporate profits and consumer spending.