I think the last few weeks have probably been frustrating for investors. Earnings have been very positive, but the focus has been on interest rates. Over the next few sessions, it looks like the fear of higher interest rates will probably outweigh the earnings.
In terms of the broader market, it looks like we may have entered a short period of consolidation or profit taking following the strong advance at the start of this year.
Following the disappointing tech news after the close, it looks like the market could be in for rough sledding at the open.
Looks like the stock market has gotten off on positive footing after yesterday's broad-based decline. We're seeing gains in eight of 10 S&P sectors. The data that came out so far was pretty much in line with expectations. Looking ahead, investors will be keeping an eye on auto sales.