Market Insider

Wall Street finds new sources of angst

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Commodities in focus as stocks seek rebound

Dozens of earnings from Coach to Disney are expected Tuesday, but analysts will also be watching two trends that dragged on stocks Monday.

"Brent fell below $50, and Apple fell below its 200-day moving average. The technicals are looking just really shaky, and unfortunately that's just what's keeping us in," said Jack Ablin, BMO Private Bank CIO.

Energy stocks fell 2 percent Monday, following a more than 3.5 percent drop in West Texas Intermediate crude futures and 4.5 percent decline in Brent futures, which fell below $50 per barrel. Apple was also a negative for the market, falling 2.4 percent to $118.44, below its 200-day moving average of $120.86. Apple is now down about 12 percent from its April high.