Last week's sell-off was mostly sparked by a weak sales outlook from chip company Cirrus Logic (, a key Apple supplier. Cirrus makes audio chips used in the latest iterations of the iPhone and iPad mini. Investors worried that this could signal a weak outlook for sales of those Apple products. )
Wall Street expects the company to report a profit of $10.13 a share, a 15% drop from three months ago.
Netflix ( will also come out with earnings on Monday. Investors will be looking to see if the streaming video company's )big bet on its original series "House of Cards" paid off.
Airlines will be on tap, too. United Continental (Fortune 500), , US Airways (Fortune 500), , JetBlue (, )SouthWest (Fortune 500), and , Delta (Fortune 500) will come out with earnings throughout the week, as will airplane manufacturer , Boeing (Fortune 500). ,
Overall, analysts expect earnings for S&P 500 companies to rise by 2% for the first quarter, according to S&P Capital IQ. But earnings season is far from over. So far, 104 companies in the S&P have reported, with 70 beating forecasts, 23 missing and 11 in line.
In economic news, the advance estimate for first quarter gross domestic product will come out on Friday.
U.S. economic growth was weak at the end of last year, as GDP rose at a mere 0.4% annual rate in the fourth quarter. Still, it is much better than the original estimate of a 0.1% decline.
Several reports on the U.S. housing market are due out, including new and existing home sales and the FHFA housing price index.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.39%||4.31%|
|15 yr fixed||3.42%||3.33%|
|30 yr refi||4.40%||4.31%|
|15 yr refi||3.40%||3.34%|
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