Stocks headed for a lower open on Monday as a delay in the announcement of the Obama administration's bank rescue plan disappointed investors and another wave of poor earnings showed more economic upheaval.
Adding to the cautionary tone were indications that an $827 billion U.S. economic stimulus package could face another day of political wrangling before a Senate vote on the measure on Tuesday.
The stimulus and bank rescue plan are a make-or-break for stock investors searching for catalysts to sustain the market's attempt to recover since stocks hit a bear market low in November.
Adding to the cautionary tone were indications that an $827 billion U.S. economic stimulus package could face another day of political wrangling before a Senate vote on the measure on Tuesday.
The stimulus and bank rescue plan are a make-or-break for stock investors searching for catalysts to sustain the market's attempt to recover since stocks hit a bear market low in November.