But IBM and Intel results disappoint. Goldman Sachs and Johnson & Johnson results cheer Wall Street. Citigroup's Vikram Pandit abruptly resigns as CEO after a board conflict. Consumer prices rise along with gas prices.
The Fed chairman is worried about Europe and the 'fiscal cliff' but avoids saying how the central bank may boost the economy. Mattel and Coca-Cola lead a rebound from an early pullback. Intel shares rise on 2nd-quarter results. Crude oil rises.
Concern that Spain could default on its debt may negate what should be a decent week for earnings. Companies reporting include Coca-Cola, Citigroup, IBM, Intel, Kimberly-Clark, Microsoft and GE. Also due is the March report on housing starts.
The S&P 500 closes above 1,300 for the first time since July on gains in tech, bank and housing stocks. Goldman Sachs rises on an earnings beat. The Keystone XL pipeline route appears doomed. EBay, F5 Networks results impress.
The economy, Europe and earnings, including reports from Goldman Sachs, eBay, Google and Microsoft, will command a lot of investor attention. And 4 big reports will help clarify whether the housing market is starting to mend.
It's a monster week for earnings, with Apple, Intel, Citigroup, Wells Fargo, Chipotle Grill and Goldman Sachs among companies set to report. Data on leading indicators and existing-home sales also are due.
Shares drop more than 5% after hours as operating expenses jump. The Dow ends with a small gain, led by Coca-Cola, Kraft and Merck. Crude oil tops $108 a barrel. Fears of lower PC sales hit tech stocks. Supervalu shares soar.
VIDEO ON MSN MONEY
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Do it once a year. This allows the best-performing asset classes to take off and run.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'