Stocks: Pausing near the peak

February 11, 2013: 7:53 AM ET
sp500 7:30
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NEW YORK (CNNMoney)

Monday could be a quiet day of trading, with no major economic or corporate reports on tap and many investors on the East Coast still digging out from the weekend's historic blizzard.

Fourth-quarter earnings season has just about wrapped up, though firms including Coca-Cola (KO), General Motors (GM) and PepsiCo (PEP) will report later this week.

U.S. stock futures were narrowly firmer ahead of the open Monday.

Markets have had a good run so far this year. The Dow Jones Industrial Average and S&P 500 are both up nearly 7% and near their all-time highs, while the Nasdaq has gained nearly 6%.

Fear & Greed Index still in "extreme greed" territory

U.S. stocks finished higher Friday, with the Nasdaq and S&P 500 logging their sixth straight week of gains.

In company news, Google (GOOG) disclosed late Friday that executive chairman Eric Schmidt plans to sell 3.2 million shares of his stock in the company, worth about $2.5 billion. Shares of Google were lower in premarket trading.

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European markets were mixed in morning trading. Exchanges in Tokyo, Shanghai and Hong Kong were closed for holidays.

Related: Nikkei sprints ahead on Abe fever

With the G-20 meeting set to be held this week in Moscow, there are reports that finance ministers are discussing releasing a statement on exchange rates to try to calm concerns that developed economies might engage in a currency war, sparked by Japanese efforts to lower the value of the yen.

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Markets
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Index Last Change % Change
Dow 17,151.17 19.20 0.11%
Nasdaq 4,559.96 7.20 0.16%
S&P 500 2,000.40 1.42 0.07%
Treasuries 2.57 -0.02 -0.58%
Data as of 11:56am ET
Company Price Change % Change
Apple Inc 101.06 0.20 0.20%
Bank of America Corp... 16.73 0.02 0.12%
Alcoa Inc 16.32 0.16 1.02%
Yahoo! Inc 42.58 -0.12 -0.29%
Microsoft Corp 46.48 -0.27 -0.59%
Data as of 11:41am ET