Stocks took a hit today amid disappointing economic data and ongoing troubles in Spain.
In economic news, the Richmond Fed's report, which measures regional manufacturing activity fell far short of expectations, marking a low not seen since April 2009.
Meanwhile the Federal Housing Finance Agency is reporting a rise in home prices in April, up 0.8 percent on a seasonally adjusted basis.
On the earnings front, AT&T (NYSE:T) beat earnings expectations but revenue fell slightly short.
Chipmaker Texas Instruments (NASDAQ:TXN) reported better-than-expected earnings for its second quarter but warned of uncertainty in the third quarter. The company had its price target cut by several brokerages.
All eyes will be on Apple (NASDAQ:AAPL) after the closing bell as the tech giant is set to report earnings.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as new home sales and earnings results from Boeing(NYSE:BA).
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