This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- U.S. stock futures were pointing to a lower open for Wall Street Tuesday. Asian shares finished with gains as the yen weakened.

Japan's Nikkei 225 index rose 1.3% to close at 10,936.14. Hong Kong's Hang Seng rose 0.1%.

European stocks were trading mostly lower.

Federal Reserve Chairman Ben Bernanke said Monday that the central bank's bond buying is providing crucial support for the U.S. economy, suggesting it will continue even though some Fed officials recently said they favor winding down the program.


The economic calendar in the U.S. Tuesday includes the producer price index from the Labor Department, retail sales from the Department of Commerce and the Empire State manufacturing survey, all at 8:30 a.m. EST.


U.S. stocks on Monday finished mixed as Apple (AAPL) shares declined and bank stocks fell ahead of earnings reports this week.

The Dow Jones Industrial Average rose 19 points, or 0.1%, to close at 13,507. It's the fourth-straight session that the index has finished to the upside.

The S&P 500 shed 1 point to 1,471. The Nasdaq fell 8 points, or 0.3%, to 3,118.


Dell (DELL - Get Report), the No. 3 PC maker but once the world's largest, is in buyout talks with private-equity firms, according to Bloomberg, which cited two people with knowledge of the matter.


Facebook (FB - Get Report) is holding a major press event at its headquarters Tuesday and there is plenty of speculation about what the social networker will announce.

TheStreet's Chris Ciaccia suggested that a search engine is one of the more likely choices for a product announcement, as Facebook looks to take market share away from Google (GOOG), the search leader.


JPMorgan Chase (JPM - Get Report) was ordered to take steps to correct poor risk management in connection with the multi-billion dollar trading loss it suffered last year.


Lululemon Athletica (LULU - Get Report) raised its fiscal fourth-quarter earnings guidance but said revenue growth would slow.


Toyota (TM - Get Report) is the world's top-selling automaker once again, taking the crown from General Motors (GM).

Toyota said it sold 9.7 million cars and trucks worldwide in 2012, although it's still counting. GM sold 9.29 million.


Homebuilder Lennar (LEN) is expected by analysts Tuesday to post fourth-quarter earnings of 44 cents a share on revenue of $1.32 billion.

Reports also are expected Tuesday from Forest Laboratories (FRX) and Interactive Brokers (IBKR).


-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DELL $0.00 0.00%
FB $81.91 0.47%
JPM $62.34 -0.42%
LULU $65.57 -2.05%
TM $140.66 -0.39%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs