Earnings:

• Before the Market Open - W.W. Grainger: Analysts expect EPS of $1.38 on sales of $1.64 billion for the industrial supply company.
• Before the Market Open - J.P. Morgan Chase: The first big bank stock to report. Dimon & Co. is expected to report 64 cents a share on $26.47 billion in revenue.
• After the Close - Yum! Brands: KFC and Pizza Hut parent is expected to post 53 cents a share on $2.26 billion in sales.

Economics:

• 8:30 a.m. ET - March retail and food sales. The headline number is expected to rise 1.3%, the ex-autos figure is expected to rise 1.6%.
• 8:30 a.m. ET - March Consumer Price Index. The headline and core numbers are both expected to tick up 0.1%.
• 10 a.m. ET - February business inventories. Expected to rise 0.4%.
• 2 p.m. ET - Fed's Beige Book released.

Fedspeak and other Marketbabble:

• 9:30 a.m. ET - Cleveland Fed Pres Pianalto speaks in New York on "After the Crisis: Planning a New Financial Structure."
• 10 a.m. ET - Bernanke to testify on economic outlook before the U.S. Joint Economic Committee.
• 11 a.m. ET - Richmond Fed President Lacker speaks in Morgantown, W.Va.
• 1 p.m. - Dallas Fed President Fisher speaks in New York

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