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Stocks rangebound ahead of huge earnings week, Fed meeting

The Final Round

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Stocks traded in range today as the biggest week of earnings is upon us. And we have an another all-important Fed meeting. Catch The Final Round at 4 p.m. ET with Jen Rogers and Yahoo Finance Editor-in-Chief Andy Serwer.

Seven-year itch for investors?

The seven year “itch” is in full effect. Investors are calling for a recession since it’s been seven years since the last recession, says Mike Sorrentino of Global Financial Private Capital. He gives us his take on the markets and big tech earnings coming up.

Winners and losers

Stocks slipping into the red today include drugmaker Perrigo after it was confirmed CEO Joseph Papa was headed to Valeant, rail operator Canadian Pacific on news Bill Ackman's Pershing Square cuts its stake by 4 million shares, and Xerox after it cut its full-year earnings forecast due to higher expenses related to its planned breakup.

Stocks in the green today include Time Warner Cable on reports its merger with Charter is likely to be approved by the FCC, biotech firm Anavex jumping on a breakthrough for for its Alzheimer's treatment in Australia, and Manchester United kicking higher after billionaire Ron Baron says the team's shares are undervalued.

Looking ahead

  • In the morning we'll get a key read on the manufacturing sector with durable goods orders for March. The consensus estimate is for new orders to jump 1.6% from the the prior month.
  • We'll get more housing data with the S&P Case-Shiller home price index for February. Analysts are expecting a seasonally adjusted gain of 0.7% month over month.
  • Finally after the bell on Tuesday, Apple earnings will cross the wires. Apple is expected to earn $2 a share on nearly $52 billion in revenue. We'll have those results live on tomorrow's show.