The markets were higher today, but financials and energy stocks held the markets back from any meaningful rally. The Dow 30 was up 36, the S&P 500 was flat on the day, and the Nasdaq 100 was up another 10, making all time highs again. Besides those weak sectors the market only had earnings to focus on for the day. Tomorrow news is limited again, but crude oil inventories could help if they come in bullish. Those numbers will be out one hour after the market open tomorrow.

General Motors (GM  ) announced an earnings report for their fourth quarter that was better than expectations on both the top line and bottom line. Revenue was higher by 11% which was attributed to strong sales in the US and China. The problem was that they lost $500 million in currency exchange which sent the shares lower by 4.72% on the day.

Disney (DIS  ) is the talk of the street today as the company will report quarterly results after the close. Analysts agree that they want to see the company earn $1.50 a share for its fiscal first quarter. Revenue is estimated to increase slightly to $15.27 billion. As always their sports cable channel, ESPN will be one of the main focuses as the network continues to struggle with subscriber growth.

Michael Kors (KORS  ) shares suffered a large 10.83% decline today as the company reported earnings. The handbag maker reported same store sales during its holiday quarter that were much lower than expected due to "weak demand in North America and Europe." The company also warned of weaker than expected sales and profit for the current quarter, and the year. The move today caused shares to hit a new 52-week low.