Stocks Being Punished Even After Positive Earnings Reports

The stock market is giving signs it wants to head lower while an invisible hand appears to keep it afloat.

Research from Factset Insight notes that companies who beat their earnings expectations are not being rewarded while companies reporting earnings misses are being punished.

Companies that reported upside earnings surprises sees declines

Of the 446 companies to report earnings thus far, companies that reported upside earnings surprises have seen a decline of an average of 0.1 percent immediately around their earnings announcements, the report notes.   Companies reporting positive results have been seen immediate negative reactions, but the reaction when a company reports an earnings miss...