|Alcoa officially kicked off earnings season Tuesday after the close. Alcoa reported a loss of $497 million in the first quarter. For some perspective into the current earnings environment, today's chart compares S&P 500 earnings performance during the current economic recession (solid red line) to that of the last recession (dashed gold line) and the average recession from 1936-2006 (dashed blue line). As today's chart illustrates, the current decline in earnings is several orders of magnitude greater than the average decline during a recession. The current decline is also more severe than what was the most severe earnings decline on record – the decline that began in 2001 (gold dashed line).Notes:
- Where's the market headed? The answer may surprise you. Find out right now with the exclusive and highly regarded charts of Chart of the Day Plus.
Rate today's Chart of the Day
By voting every day you help us get you the charts you want to see.
Quote of the Day"How hard it is, sometimes, to trust the evidence of one's senses! How reluctantly the mind consents to reality." - Norman Douglas
Events of the DayApril 10, 2009 - Good Friday
April 12, 2009 - Easter
April 15, 2009 - Personal income taxes due (US)
April 20, 2009 - Boston Marathon - Pulitzer Prizes announced
April 22, 2009 - Earth Day
April 22, 2009 - Administrative Professionals Day
Stocks of the Day-- Find out which stocks investors are focused on with the most active stocks today.
-- Which stocks are making big money? Find out with the biggest stock gainers today.
-- What are the largest companies? Find out with the largest companies by market cap.
-- Which stocks are the biggest dividend payers? Find out with the highest dividend paying stocks.
-- You can also quickly review the performance, dividend yield and market capitalization for each of the Dow Jones Industrial Average Companies as well as for each of the S&P 500 Companies.
Mailing List InfoChart of the Day is FREE to anyone who subscribes.
To ensure email delivery of Chart of the Day, add email@example.com to your whitelist.
Journalists and bloggers may post the above free Chart of the Day on their website as long as the chart is unedited and full credit is given with a live, do follow, text link to the Chart of the Day homepage using the following HTML...
If your site provides a list of helpful links, we would appreciate it if you added a link for Chart of the Day at http://www.chartoftheday.com. However, Chart of the Day Plus charts are to be viewed by paying Chart of the Day Plus subscribers only and may not be republished.
Chart of the Day is provided to subscribers without warranty of any kind and accepts no responsibility for its accuracy or for any consequences of its use.