Market Insider

Oil expiration and earnings are big movers for Tuesday

Downside risk to oil prices in Q2 : Pro

Amid the deluge of major earnings reports, traders will also be keeping an eye on the mercurial oil market, as U.S. oil futures for May expire Tuesday.

Earnings are expected from Verizon, United Technologies, Travelers, DuPont, Kimberly Clark, Yum Brands, Yahoo, Chipotle Mexican Grill, Lockheed Martin, Baker Hughes and Cree, to name a few. It's quiet on the data front, so earnings reports will dominate the early hours.

Stocks bounced Monday after the market ripped lower on Friday on reports that Chinese regulators would crack down on margin lending. But an unexpected promise of stimulus from China's central bank boosted equities, giving the U.S. market strong gains.