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