US STOCKS-Wall St set to open higher as earnings season begins
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By Abhiram Nandakumar
April 11 (Reuters) - Wall Street was set to open higher on Monday as investors braced for corporate earnings season, with Alcoa set to post first-quarter results after the market closes.
Expectations for profit growth are low as companies struggle with a weak global economy, falling commodity prices and a stronger dollar.
Earnings at S&P 500 companies are expected to have declined 7.6 percent on average in the first quarter, according to Thomson Reuters I/B/E/S.
Big bank earnings are also on the cards through the week, starting with JPMorgan Chase & Co on Wednesday.
"We're in a bit of a holding pattern until earnings, which kick off with Alcoa tonight, but more importantly the banks will start to report by mid-week," said Aaron Clark, a portfolio manager at GW&K Investment Management in Boston. Continuación...