Stocks, Earnings & Sales Reports | featured news

Wall Street extended its rally into a second day Wednesday as financial stocks padded their own big gains.

The Dow soars more than 300 points after the banking company reports that it was profitable through the first two months of the year. Other financial stocks also gain. Good news from a bank -- finally -- is sending the stock market to its best gain this year.

Investors this week will face a large batch of company report cards, in what is shaping up to be the worst quarter for corporate profits in a decade, CNNMoney reports. Investors will also digest reports on housing, consumer confidence and leading economic indicators.

Losses overseas and another round of weak earnings reports pushed U.S. stocks lower. Capital One and Harley Davidson sank.