Stocks slide continues; Oil jumps on supply woes; Apple's new Beats

It looks to be another ugly day on Wall Street as investors continue yesterday's selloff that dropped the Dow (^DJI) into negative territory for the year.

Yahoo Finance Senior Columnist Michael Santoli believes a combination of factors is sending jitters through the markets.

"The general picture is relatively soft economic data that's running into a Federal Reserve that's sticking to the message that it is looking for the opportunity to raise interest rates, and you have the tighter money from the stronger dollar," he points out.  "All this stuff, you throw it in the mix, and it becomes a really easy excuse for why we're going to sell off."

Adding to investor concerns -- soaring oil prices (OIL) on fears of supply disruptions following Saudi Arabia's military intervention against rebels in Yemen.

"We're getting more of a risk premium added to the oil price," Santoli adds. "That's never good news especially when it's not because the dollar is going down or a kind of mechanical pricing effect.  It's becoming more expensive for the wrong reasons."

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A lemon of a forecast from Lululemon

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today

Lululemon (LULU) shares are falling in early trading. The yoga-gear retailer reporting a weaker-than-expected outlook for its current quarter and the year.  But earnings and revenue for its holiday quarter beat forecasts as sales growth improved.

Related: Lululemon's sour outlook; Apple may hit a new beat; Five Below gets its cool back

Red Hat (RHT) shares are higher ahead of the open. The largest distributor of Linux software posting earnings and revenue that topped analysts' forecasts in the fourth quarter. Sales rose nearly 16% from a year earlier thanks to strong demand for its open-source software and its cloud-based products.  It will also buy back $500 million worth of stock.  However, the company says the stronger dollar will impact revenue in the current quarter.

Also being hurt by the strong dollar,  PVH (PVH).  The owner of Tommy Hilfiger and Calvin Klein brands warning that will take a toll on its profits for the current quarter and the full year. Meantime, earnings in the fourth quarter beat Wall Street views, but revenue slightly missed estimates.

Five Below (FIVE) shares are jumping before the bell. The discount retailer posting beats on both its top and bottom lines for the holiday quarter, driven by stronger-than-expected sales growth. The company says it will continue to expand, opening 70 stores this year. But it's outlook for the current quarter disappointed investors.

Apple (APPL) also grabbing investors’ attention. The tech giant is reportedly working with Beats Electronics to launch a new music streaming business. The New York Times reports that Beats is also reshaping the iPhone music app. Apple acquired Beats last year for $3 billion.

EU takes on ecommerce

European Union officials are launching investigations into internet commerce practices. The probe aims to determine whether some businesses are limiting consumers' ability to shop online across EU national borders.  American companies such as Amazon (AMZN) and Facebook (FB) have been accused by some in Europe of engaging in unfair practices.

Meantime here in the U.S., the Securities and Exchange Commission is proposing a rule that would require proprietary traders to face regulatory oversight from the Financial Industry Regulatory Authority (FINRA). The rule would tighten monitoring and record keeping of high-frequency trading operations.