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NEW YORK (TheStreet) -- The Dow Jones Industrial Average tried but failed again to close above 13,000.

The index declined Monday by 1.4 points, or 0.01%, to close at 12,982. The

S&P 500

rose 1.9 points, or 0.1%, to 1368. The


gained 2.4 points, or 0.08%, to 2966.

Stocks across the globe were rising Tuesday as oil prices slipped from recent highs.

European stocks were gaining, and U.S. stock futures signaled a higher open for Wall Street. Asian shares ended Tuesday with gains -- Japan's Nikkei index rose 0.9%, shaking off the bankruptcy of chipmaker


the day before.

Oil prices fell 6 cents to $108.50 in early trading Tuesday. The price of a barrel of crude oil topped $109 last week.

If Moody's downgrades

Morgan Stanley

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by three notches, the investment bank said it would have to post an additional $6.52 billion in collateral to counterparties.

Morgan Stanley, in a filing with the

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Securities and Exchange Commission

late Monday, said it would have to post $919 million in the event of a one-notch cut by Moody's; a two-notch cut would require additional collateral of $4 billion.

Earnings reports are expected Tuesday from





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First Solar

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Domino's Pizza

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El Paso




, the online travel booking services provider, posted fourth-quarter adjusted profit on Monday well above Wall Street's expectations.

Priceline reported non-GAAP earnings of $276.8 million, or $5.37 a share, on revenue of $991 million for the three months ended Dec. 31. Analysts were expecting earnings of $5.05 a share on revenue of $967.9 million.

For its fiscal first quarter ending in March, Priceline said it expects non-GAAP earnings of $3.80 to $3.90 a share with revenue up 22% and 27% from a year earlier. Analysts forecast profit of $3.72 a share.

Key Republican contests are being held Tuesday in Michigan and Arizona.

Mitt Romney, the GOP frontrunner, is virtually tied in Michigan with challenger Rick Santorum. Romney, who grew up in Michigan, came through the weekend with slight edges in most polls, but a victory in Michigan is far from certain. Arizona polls, however, forecast a comfortable victory for Romney in Tuesday's primary.

-- Written by Joseph Woelfel

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Joseph Woelfel

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