Stocks face earnings blues after tech selloff

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Stocks face earnings blues after tech selloff

<p><a href="http://news.yahoo.com/stocks-face-earnings-blues-tech-selloff-012649156--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>&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 expected to have increased 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 get more readings on the U.S. economy in the coming week, with retail sales on Monday, the Consumer Price Index on Tuesday, U.S. housing starts and industrial output on Wednesday and the Federal Reserve Bank of Philadelphia's business activity index on Thursday. The U.S. stock market will be closed for Good Friday.</p><br clear="all"/>

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