Stocks hover near record highs
Updated On: Apr 02 2013 07:13:36 AM CDT
So this is life at the top.
Even with a slight retreat Monday, all three major indexes are still up between 7% and 11% for the year.
Tuesday is poised to be another day of gains in U.S. markets, with futures pointing to a positive opening for stocks.
But with little on the corporate or economic docket, trading could be relatively quiet.
At 10 a.m. ET, the Census Bureau will publish data on factory orders for February, following an underwhelming report on U.S. manufacturing Monday.
Major automakers, including Ford and GM, are also set to release their monthly sales figures Tuesday. Forecasts are for another strong month of sales, with some experts anticipating the best sales month in five years.
U.S. stocks started the second quarter with a modest pullback Monday.
Shares of health-care firms including Humana, United Health and Aetna rose in after-hours trading Monday after the government announced a 3.3% increase in Medicare Advantage rates for next year, rather than the 2.3% cut that had been floated previously. While Aetna shares were not yet trading premarket, shares of Humana and United Health were both higher ahead of the open Tuesday.
Hewlett-Packard shares slid nearly 3% in premarket trading after Goldman Sachs downgraded the firm to "sell."
European markets rose slightly in morning trading, while Asian markets ended mixed. The Hang Seng added 0.3% while the Nikkei dropped 1.1% and the Shanghai Composite lost 0.3%.
Copyright 2013 by CNN NewSource. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Gas Pod Invention Increases Mileage in Santa Barbara Tests
Santa Barbara Woman Dies in Highway Crash
Friends React to Hit and Run Accident
Suspected DUI Hit-and-Run Driver Has Criminal Record
Man Shot by Santa Barbara Police Expected to Survive
'Happy Camp' Brush Fire Stopped at 50-Acres in Moorpark
Neighbors React to Actor Paul Walker's Death
Capps Aide Arrested in Near-Fatal DUI Hit and Run
Airlines that are now extinct
Slideshow: 15 Mexican Drug Cartel Dealers Arrested