The economic calendar in the U.S. on Tuesday includes the consumer price index for June at 8:30 a.m. EDT; industrial production and capacity utilization data for June at 9:15 a.m.; and the National Home Builders Association's housing market index for July at 10 a.m.
Yahoo! (YHOO - Get Report) ended its leadership search, naming Marissa Mayer , a former executive with Google (GOOG), as CEO. Mayer, 37, has never had any experience running a company, and she is taking over for a struggling Internet company that is undergoing a transformation. Marc Andreessen, the Netscape co-founder, who is now with venture-capital firm Andreessen Horowitz, tells Business Insider that naming Mayer as CEO is "a huge statement on the part of the board that they want the company to be product-led." Andreessen said hiring Mayer is a great choice because, among other things, "she knows the Internet inside out. "
Dow components Coca-Cola (KO - Get Report), Johnson & Johnson (JNJ) and Intel (INTC) report second-quarter earnings on Tuesday. Coke, the beverage giant, is expected by analysts to post second-quarter profit of $1.19 a share on revenue of $12.98 billion.
Goldman Sachs (GS - Get Report), which also reports second-quarter earnings on Tuesday, is reportedly building an in-house bank to lend money to wealthy people and companies, The Wall Street Journal reported. The move is is a part of Goldman's cautious strategy to reshape its business, the newspaper said.
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