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), 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) 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) 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) raised its fiscal fourth-quarter earnings guidance but said revenue growth would slow.
Toyota (TM) 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
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