Here are 10 things you should know for Tuesday, Dec. 24:
1.-- U.S. stock futures were pointing modestly higher Tuesday and global stocks advanced amid light volumes a day before Christmas.
Stock markets in the U.S. will close Tuesday at 1 p.m. EST.
Stocks in London and Paris rose; markets in Germany were closed. Asian shares finished Tuesday's session with gains. Japan's Nikkei 225 index gained 0.1%.
2.-- The economic calendar in the U.S. Tuesday includes durable-goods orders for November at 8:30 a.m., the FHFA Housing Price Index for October at 9 a.m., and new-homes sales for November at 10 a.m.
3.-- U.S. stocks on Monday rose to record highs as the "Santa Claus" rally gathered strength from rising consumer spending in November.
The S&P 500 gained 0.53% to close at 1,827.99 while the Dow Jones Industrial Average added 0.45% to finish at 16,294.61 -- records for both indices. The Nasdaq climbed 1.08% to 4,148.90. The S&P 500 is up more than 28% in 2013.
4.-- Private-equity firm Carlyle (CG) is nearing an agreement to acquire Johnson & Johnson's (JNJ) ortho clinical diagnostics unit, four people familiar with the matter told Reuters, in a deal expected to be worth around $4 billion.
Carlyle is in exclusive talks with J&J after prevailing over a rival bid from Blackstone Group
(BX) in partnership with Danaher
(DHR), the people told Reuters.
A deal is expected to be reached within the next two weeks, one of the sources said.
5.-- The American Bankers Association threatened legal action against a provision of the "Volcker rule," according to reports.
The rule is "arbitrary, capricious, an abuse of discretion, or otherwise not in accordance with law," the group said in a petition to the U.S. Court of Appeals for the District of Columbia, the Journal reported. 6.-- Holiday shopping sales have declined for a third straight week, according to ShopperTrak.
Sales at U.S. stores dropped 3.1% to $42.7 billion for the week that ended on Sunday compared with the same week last year, said ShopperTrak, which tracks data at 40,000 locations. That follows a decline of 2.9% and 0.8% during the first and second weeks of the month, respectively.
Dorsey, who is also CEO of mobile payments company Square, will join the board immediately as an independent director. 10.-- Microsoft (MSFT) co-founder Paul Allen this week sold a 292-acre island in northwestern Washington state for $8 million.
The island was listed in 2005 for $25 million and slashed to $13.5 million in 2009, according to The Seattle Times.
Allan Island is named after a Navy hero and not the billionaire.
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