Stocks: Earnings, economy in focus after sell-off

Written By limadu on Selasa, 16 April 2013 | 17.42

U.S. stocks fell sharply Monday on growth concerns and news of the Boston bombing

NEW YORK (CNNMoney)

Companies including Goldman Sachs (GS, Fortune 500), BlackRock (BLK, Fortune 500), Johnson & Johnson (JNJ, Fortune 500) and Coca-Cola (KO, Fortune 500) will release results before the bell, while Intel (INTC, Fortune 500) and Yahoo (YHOO, Fortune 500) are on tap after the market closes.

On the economic front, reports on inflation, housing starts, building permits and industrial production are all due in the morning. The International Monetary Fund is also due to release new global economic forecasts Tuesday.

After a week of solid gains, markets took a sharp turn for the worse on Monday. The Dow plunged 266 points, or 1.8%, while the Nasdaq and S&P both lost more than 2%. The sell-off intensified following news of two explosions in Boston.

U.S. stock futures were higher ahead of the opening bell Tuesday.

Meanwhile, gold fell 9% Monday, hitting a two-year low. Prices rebounded slightly on Tuesday but other commodities were mixed.

Fear & Greed Index

European markets were weaker in morning trading on concerns about slowing global growth, while Asian markets ended mixed. The Nikkei dropped 0.4%, the Shanghai Composite added 0.6% and the Hang Seng fell 0.5%. To top of page

First Published: April 16, 2013: 4:59 AM ET


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