It's Monday, and Wall Street seems to have lost its tolerance for worse-than-expected quarterly results. Stock futures, which had been pointing slightly higher, are now pointing down after Bank of America reported a profit that missed analysts' expectations.

That's in stark contrast with last week, when the market shrugged off huge losses from Merrill Lynch and Citigroup, but perhaps there's only so much good will to go around.

Drug maker Eli Lilly also reported disappointing earnings, which are not helping the mood.

The Chicago Fed is releasing its national activity index, and its president, Charles Evans, is making two separate appearances. Meanwhile, central bank Gov. Randall Kroszner is speaking today.

U.S. Treasuries are flat. The dollar is down against the euro and the yen on inflation concerns (read: oil prices).

Speaking of which, U.S. crude is above $117 because of worries about supply disruptions and OPEC's position that there's no need to raise output.

An official from the International Monetary Fund says record oil prices are slowing world economic growth.

In the toy business, the first quarter was the best of times for Hasbro, whose earnings came in higher than expected, and the worst of times for Mattel, which posted a loss.

Until tomorrow,

Lisa Von Ahn