TUESDAY 1/27/15; East Coast Snow Event; CAT; FCX; LMT; PG; MMM; Weak Earnings Spook Markets; FOMC Two-Day Meeting Begins; Durable Goods Orders; New Home Sales; Consumer Confidence; US Stocks Collapse; AAPL Blowout Earnings; AMGN; T; VMW; X; YHOO

Euro 1.125. Dollar/yen 118.30. Pound 1.5103. The Aussie dollar is 0.7920 at six-year lows. WTIC oil 45.21. Brent oil 48.28. Natty gas 2.912. Gold 1276. Silver 17.795. Copper 2.52.

US Treasury yields are; 2-year 0.52%, 5-year 1.34%, 10-year 1.82%, 30-year 2.40%. German Bund 0.396%. Japan 10-year yield 0.235%.

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The earnings releases afterhours are positive the mirror image of this morning’s negativity. The Nasdaq and tech stocks should react positively tomorrow from the boost in AAPL and YHOO. Traders are quick to proclaim that the Apple earnings will create positivity for the broad indexes tomorrow and the stock market selloff will be reversed.