Big Bank earnings in the spotlight for the Dow Jones later today

There is just one major US company reporting its Q1 earnings today and that is the investment banking giant, Goldman Sachs (GS). GS is a top ranked Dow Jones component (no 3 by weight) and also a leading component within the S+P 500 (no 66). The markets are not quite sure what exactly to expect from GS later today.  They will report their Q1 earnings at 11.30am GMT. The forecast is for revenue of $12.92 billion with an EPS of $8.56. However, as with JPM last week, it may be what GS is forecasting going forward that actually matters most, when assessing the price action of the stock itself and the Dow Jones as a whole. The Dow Jones handed back 475 points on Friday, closing 1.24% lower, at 37,983. The low set on Friday was at 37,877. The index is priced to open modestly higher today though, currently at around 38,115, but naturally these GS earnings and report could have an impact on that ahead of the resumption of live trading later on