Indices ended in red territory Monday, but stocks rebounded up slightly from session low levels. Wal-Mart, Bank of America and General Electric led the Dow’s descent. Stocks dipped amid renewed European debt concerns on news that French voters have effectively rejected austerity, as shown by the less-than-stellar support of French President Nicolas Sarkozy in Sunday’s election. Crude oil futures shed 77 cents to settle at $103.11 a barrel. Netflix and Texas Instruments posted quarterly data after the bell. The online movie rental service reported a loss of 8 cents per share on first-quarter revenue of $870 million. Economists had anticipated a greater loss of 27 cents per share. Meanwhile, the silicon titan brought in 22 cents a share on revenue of $3.12 billion, which was down from $3.39 billion in the same period, a year ago. Looking ahead to tomorrow, the Federal Reserve will begin a two-day meeting and Apple will report earnings details.
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