After suffering their worst two weeks of the year, stocks will look to quarterly earnings in the week ahead to determine whether the recent pullback has been exhausted or more losses are justified. However, concern that Spain could default on its debt may negate what should be a decent week for earnings. In addition, important reports are due on retail sales and housing in the week ahead. And Thursday's weekly report on initial jobless claims will get close scrutiny after the claims rate bumped up in the latest week.
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