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MarketWatch for Monday, April 28, 2014

If you're keeping on top of the stock markets this morning, Monday, April 28, 2014...
If you're keeping on top of the stock markets this morning, Monday, April 28, 2014...

The Nikkei is down 141 points today in trading in Tokyo.
On Wall Street, the Dow tumbled 140 points by the close Friday.
The Nasdaq lost nearly 73.

It's a busy week on the economic calendar. Expect reports on home prices, personal income and spending, auto sales and April unemployment.
Investors are hoping stocks can rebound from last week's losses.

A growing number of companies are blaming bad winter weather for their disappointing earnings. So far this earnings season, 60 percent of S&P 500 companies have mentioned weather as a major factor in their profit picture including FedEx, Ford and McDonald's.

U. S. sanctions against Russia are starting to impact profits at some American companies. Visa and Mastercard warn that the sanctions are causing Russian banks to use other companies to process payments.  Russian president Vladimir Putin says the country will create its own payment processing system.

And Amazon is turning up the heat on grocery stores. It's launching a servce that lets its prime loyalty club members fill up a 45 pound box with groceries and get it shipped for a flat rate of $5.99. Amazon has been beefing up services for its prime members since raising the membership price to $99 from $79 last month.


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