Investors took yesterday's news -- strong earnings announcements and an increase in the June Consumer Price Index ( definition | chart | source ) -- and started selling. All told, they sent the Nasdaq Composite down the river by 2.3% and the Dow Jones Industrial Average lower by 0.6%.

Today, Wall Street gears up for another round of releases hoping that they'll recharge the market. Technology names scheduled to report include chipmaker

Advanced Micro Devices

(AMD) - Get Report

. The semiconductor industry got slammed yesterday, with the

Philadelphia Stock Exchange Semiconductor Index

ending the day behind almost 5%.

After the closing bell, hardware giant

IBM

(IBM) - Get Report

reports. In the wake of

Computer Associates'

(CA) - Get Report

and

BMC Software's

(BMCS)

profit warnings, Wall Street does not have high hopes for IBM's second quarter. For more on the company's earnings, check out

TheStreet.com's

story.

Expected Earnings Reports

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 7 a.m.: Mortgage Applications Survey for the week ended Friday. Source: Mortgage Bankers Association. Forecast: N/A. Previous: 284.3. Purchase Index also included. Forecast: N/A. Previous: 303.0
  • 8:30 a.m.: International trade for May. Source: Commerce Department. Forecast: $30.07B. Previous: -30.44B.
  • 9 a.m.: Treasury buyback announcement. Source: Bureau of the Public Debt. The Treasury announced the size of its next monthly two-year note auction, next Wednesday.
  • 1 p.m.: Housing Market Index for July. Source: National Association of Home Builders. Forecast: N/A. Previous: 58.
  • 2:30 p.m.: Treasury auction announcement. Source: Bureau of the Public Debt. The Treasury announces the size of its next monthly two-year note auction, next Wednesday.
  • 6:30 p.m.: Consumer Comfort Index for the week ended Saturday. Source: Money Magazine and ABC News. Forecast: N/A. Previous: 26.