Stocks face earnings blues after tech slide

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Stocks face earnings blues after tech slide

<p><a href="http://news.yahoo.com/stocks-face-earnings-blues-tech-slide-140728536--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/h74ydENZ2Y69NO0Y6e36CA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-12T012649Z_1_CBREA3B040V00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on floor of the New York Stock Exchange" align="left" title="Traders work on floor of the New York Stock Exchange" border="0" /></a>By Caroline Valetkevitch NEW YORK (Reuters) - The wrenching selloff in U.S. high-growth technology and biotech shares could leave investors braced for more than a minor pullback when earnings pick up speed this week. &quot;There's skepticism among investors about the outlook, and we're getting into the first-quarter earnings season, so you're going to see some positioning,&quot; said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin. Profit growth for Standard &amp; Poor's 500 companies now is projected at just 0.9 percent in the first quarter from a year ago, down from a January 1 forecast for 6.5 percent growth, Thomson Reuters data showed. Wall Street will face this flurry of numbers during a four-day week.</p><br clear="all"/>

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