NEW YORK (AP) - Stocks are headed for a sharply lower opening as investors become increasingly concerned about violent protests in Libya.
The uprising sent oil prices up 7 percent to $96 a barrel Tuesday. Libya is the world's 18th largest oil producer. It also sits atop the largest oil reserves in Africa. A U.N. agency estimates at least 250 people have been killed in Libya's unrest.
In the U.S., major retailers such as Wal-Mart Stores Inc. and Home Depot Inc. are reporting higher earnings results.