Here are 10 things you should know for Tuesday, Dec. 3:
1.-- U.S. stock futures were pointing slightly lower on Tuesday ahead of economic data later this week that investors will use to gauge the Federal Reserve's next move on economic stimulus.
European stocks were lower. Asian shares ended mostly to the downside but Japan's Nikkei 225 index added 0.6% on weakness in the yen.
2.-- The economic calendar in the U.S. Tuesday includes auto and truck sales for November from manufacturers such as Ford (F) and General Motors (GM).
3.-- U.S. stocks on Monday declined as a slow kickoff to the holiday shopping season offset a strong uptick in manufacturing activity.
The S&P 500 fell 0.27% to 1,800.88 while the Dow Jones Industrial Average declined 0.48% to 16,008.64. The Nasdaq dipped 0.36% to 4,045.26.
Research firm comScore forecast Cyber Monday sales of $2 billion, up from about $1.47 billion last year. Online sales account for about 10% of total holiday spending, which was projected to increase about 3.9% to $602.1 billion for November and December.
5.-- Apple (AAPL) is buying Topsy, a social-media analytics firm, for $200 million.
Topsy allows companies to gather information from Twitter
(TWTR) and track consumer sentiment.
An Apple spokeswoman confirmed the deal in an email to TheStreet. The news was first reported by The Wall Street Journal.
6.-- A high-tech barge that Google (GOOG) is building at Treasure Island off San Francisco is the first of three "floating retail stores" the Internet giant plans to launch, The San Francisco Chronicle reported. The total cost of the project is $35 million.
Miriam Saez, director of operations for the Treasure Island Development Authority, told the Chronicle that Google reps told her "this would be an important opportunity for the launching" of their Google Glass computer eyewear next year. 7.-- President Obama plans to speak about his signature health care program -- the Affordable Care Act -- at 2:30 p.m. EST on Tuesday.
Obama's speech follows the relaunch of government Web site HealthCare.gov, which was plagued by problems since it opened in October but is now working at an acceptable level, the White House said. 8.-- Krispy Kreme's (KKD) third-quarter profit rose 34% from a year earlier but the doughnut chain predicted disappointing earnings for the coming year.
-- Written by Joseph Woelfel
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