This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stock Market Today: Futures Remain Higher After Rise in Durable Goods

Stocks in this article: ^DJI ^GSPC ^IXIC TWX BA CMCSA TWC DISH AMZN THI BKW

NEW YORK (TheStreet) -- Nervous bulls and market bears warning of market tops and imminent corrections have been put on mute after U.S. equities collectively hit another big, round number.

AT&T is the chart of the day as the company moves one step closer to buying DirecTV:


WATCH: More market update videos on TheStreet TV

Stock futures on Tuesday were pointing to gains a day after the S&P 500 crossed the 2,000-point milestone. Confidence remained from reassurances last week by top central bankers that the underpinnings of the stock market, as predicated by ultra-low interest rates, will remain intact.

Read More: Aug. 26 Premarket Briefing: 10 Things You Should Know

Headlines of Warren Buffett's involvement in Burger King's (BKW) takeover plans for Tim Hortons (THI)  also were lifting investor sentiment.

Dow Jones Industrial Average futures were up 16 points, or 18.13 points above fair value, to 17,072. S&P 500 futures rose 1.25 points, or 1.08 points above fair value, to 1,996.25. Nasdaq futures were up 5.5 points, or 2.62 points above fair value, to 4,069.

The S&P 500 smashed its way through 2,000 on Monday, more than tripling from its low on March 9, 2009 of 666 and surging from the 3.9% dip from July 24 through Aug. 7, propelled by deals announcements and new confidence in Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi.

"The bull market is almost 35 months old now. However, it seems to be maturing rather than aging," said Yardeni Research's president and chief investment strategist Ed Yardeni.

Read More: Burger King Shares Head North on Merger Talks With Tim Hortons

Ahead of the market open, the Census Bureau reported U.S. durable goods orders jumped 22.6% in July vs. the 7.5% increase expected by economists, driven in large part by strong Boeing (BA) orders.

Other economic indicators to be released Tuesday include include the June S&P/Case-Shiller 20-city home price index and June FHFA Housing Price Index at 9 a.m. EDT, and the August consumer confidence report at 10 a.m.

In the latest deals headlines, Warren Buffett is helping finance Burger King's planned takeover of Canadian coffee-and-doughnut chain Tim Hortons. Burger King popped 3.4% to $33.45 in premarket trading. Tim Hortons surged 5.19% to $78.60.

Amazon.com (AMZN) is buying streaming platform Twitch Interactive for $970 million in cash as it seeks to take part in video gaming's growth as an online spectator sport. Amazon was up 0.73% to $336.45.

Dish Network (DISH) on Monday filed a 202-page petition with the Federal Communications Commission to block the proposed merger of Comcast (CMCSA) and Time Warner Cable (TWC) .

Time Warner's (TWX) Turner cable division is preparing to offer buyouts targeting 500 to 600 staffers, or roughly 4% of its work force, Reuters reported, citing a person familiar with the company.

Read More: Stock Market Today: Stocks Get Juiced as Yellen Argues for Labor Expansion

--By Andrea Tse in New York

Follow @AndreaTTse

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs