Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Tuesday, March 5:

1. -- U.S. stock futures were suggesting Wall Street would open higher Tuesday, with futures for the Dow Jones Industrial Average drawing closer to the index's all-time high.

European stocks were rising in early trading. Asian stocks ended Tuesday's session with gains. Japan's Nikkei 22 index rose 0.3% to close at 11,683.45.


2. -- The economic calendar in the U.S. Tuesday includes the ISM non-manufacturing index for February at 10 a.m. EST.


3. -- U.S. stocks on Monday closed higher as confidence about continued stimulus support from global central banks offset worries surrounding the Chinese government's five-point plan to curb rising home prices and the U.S. budget impasse.

The Dow Jones Industrial Average rose 38.16 points, or 0.27%, to settle at 14,128. The blue-chip index booked its second highest close ever on Monday. The Dow's all-time high is 14,164.53.

The S&P 500 increased 7 points, or 0.46%, to close at 1,525. The Nasdaq advanced by 12.29 points, or 0.39%, to 3,182.


4. -- Citigroup ( C) CEO Michael Corbat makes his first presentation Tuesday since taking over the bank in October.

Corbat's speech, at Citi's 2013 U.S. Financial Services Conference in Boston, begins at 12:45 p.m. EST.


5. -- Shares of iPhone maker Apple ( AAPL) lost 2.4% Monday to finish at $420.05; the stock hit a 52-week low of $419 during the trading session. Apple's 52-week high is $705.07 .


6. -- Vornado Realty Trust ( VNO) was selling 10 million shares of J.C. Penney ( JCP) in an unregistered secondary transaction, according to a person familiar with the sale, The Wall Street Journal reported.


7. -- The Department of Justice is seeking additional details of the proposed $11 billion merger of AMR ( AAMRQ.PK) and US Airways ( LCC).

The merger would create the world's largest airline.


8. -- A report by the Senate Permanent Subcommittee on Investigations highlights flaws in JPMorgan Chase's ( JPM) public disclosures and takes aim at several executives, including Douglas Braunstein, who was chief financial officer at the time the bank recorded multibillion-trading losses, The New York Times reported, citing people briefed on the inquiry.


9. -- General Motors ( GM) and its Chinese joint ventures sold 215,070 vehicles in the country in February, down 11% from the same month a year earlier.


10. -- Checkpoint Systems ( CKP) and VeriFone Systems ( PAY) report earnings Tuesday.


-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

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