Disappointing data from both countries undermined last week's optimism, as markets also digested the European country's downgrade to BBB+ by Fitch.
Costco and Urban Outfitters will report earnings. Vodafone and Johnson Controls mull divestitures. Retail sales data will be reported.
Morgan Stanley is downgraded to 'neutral,' and State Street is upgraded to 'neutral.'
Stocks are mixed as a slightly worse-than-expected US weekly jobless claims report is balanced by strong export data from China.
Mattel is upgraded to 'buy,' and Qualcomm is initiated with a 'buy.'
Under Armour is upgraded to 'outperform,' and First Solar is downgraded to 'underperform.'
American Eagle is downgraded to 'hold,' and Urban Outfitters is upgraded to 'hold.'
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. 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 SIX Financial Information.
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.
Summer visits to amusement parks and the like can be costly, but with some preparation and research, you can may be able to do it for less than you think.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.