MARKETS SPECTATOR: Earnings alert

Concern over US company earnings continues, although the number beating expectations are in line with long-term averages. The Australian market looks set for a flat start.

US stocks closed out the week relatively flat on Friday as nervousness continued over weaker-than-expected Q3 earnings and the upcoming US election and fiscal cliff. The Dow Jones Industrial Average and NASDAQ managed to eke out small gains of 0.03 per cent and 0.06 per cent respectively while the S&P 500 posted a fall of 0.07 per cent.

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