Stocks are rebounding today from yesterday’s selloff as attention turns to corporate earnings.
S&P 500 futures are up by more than half a percent and have been gaining in the last hour. Europe is trying to fight back from earlier losses. Asian stocks were mixed but little-changed in the overnight session. Precious metals are stabilizing after starting the week with historic declines.
Bad economic news and bombings at the Boston Marathon caused a 2.3 percent drop yesterday, but attention will now increasingly focus on the stream of quarterly results coming from companies such as Goldman Sachs, Johnson & Johnson, and Coca-Cola this morning, followed by tech giants Intel and Yahoo this afternoon.
— Option Monster