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25.04.2011 13:15

Before the bell: Stocks poised to continue rally

U.S. stocks were poised to head higher at Monday's open as investors continued to focus on earnings reports and awaited the latest data on the housing market.
After strong earnings propelled the Dow to a near 3-year high in the prior week, investors were looking to extend the rally Monday. The last week in April brings earnings reports from nine Dow components and 180 members of the S&P 500, including Netflix (NFLX) after Monday's close.
The market was closed Friday in observance of Good Friday.

Economy: Monday also brings the latest data on new home sales, released by the Census Bureau at 14:00 GMT.
Economists expect new home sales rose to a seasonally adjusted annual rate of 280,000 units in March from a 250,000-unit rate in February.
Companies: Netflix (NFLX) will announce first-quarter results after the closing bell. Analysts expect the online movie rental company's profit to surge almost 80%, as sales climb 43% from a year earlier.

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