Stocks could chop around and rack up more losses in the week ahead, as the next wave of corporate earnings reports shows just how much the strong dollar has crimped sales growth.
Traders will also be on high alert for signs of a more prolonged pullback after Friday's wipeout sent the Dow tumbling more than 250 points. The market sold off after reports early Friday that Chinese regulators would crackdown on margin lending while making it easier for investors to bet against the market there. European markets also led the decline as they traded nervously on worries about a default by Greece.
Earnings are expected from more than a quarter of the , including diverse names like IBM, United Technologies, Boeing, Coca-Cola, Facebook, Amazon.com, General Motors and Procter & Gamble. So far, earnings are beating at a 3-to-1 pace and profits are 6 percent above expectations, according to Thomson Reuters.