Stocks: It could be a lackluster day

  @CNNMoneyInvest May 14, 2013: 9:16 AM ET
sp 500 futures 845

Click on chart to track premarkets


Investors were stepping back Tuesday.

With little on the corporate or economic dockets, U.S. stock futures were little changed.

Stocks have been on a tear this year, with all three indexes up roughly 15% so it's not unexpected to see some pullback.

"The market has been trending very aggressively," said Societe Generale analyst Sebastien Galy. But investors aren't panicking.

Related: Bloomberg still has plenty of fans on Wall Street

Ahead of the market open, the U.S. Bureau of Labor Statistics reported import prices fell 0.5% last month and export prices decreased 0.7%.

As earnings wind down, a few big names are still on deck this week, including Macy's (M, Fortune 500), Wal-Mart (WMT, Fortune 500), J.C. Penney (JCP, Fortune 500) and Cisco (CSCO, Fortune 500).

Shares of Take-Two Interactive (TTWO) jumped in premarket trading after the maker of Grand Theft Auto easily beat profit forecasts.

SolarCity (SCTY) -- chaired by Tesla Motors (TSLA) head Elon Musk -- reported a wider-than-expected loss and offered weak guidance, sending shares plunging. The sell-off spilled into rival First Solar (FSLR).

Sony's (SNE) stock rose after hedge fund titan Dan Loeb said his firm, Third Point, had amassed a 6% stake, making it the largest shareholder. Loeb wants to spin off the Japanese company's movie and music division.

Of the 453 S&P 500 companies that have reported earnings results for the first quarter, 301 have beat analysts' estimates, 115 have missed, and 37 have met, according to S&P Capital IQ.

Theme parks immune to sluggish economy

U.S. stocks finished mixed Monday, although the S&P 500 managed to nudge up to a new record.

Related: Fear & Greed Index hovers at extreme greed

European markets rose in midday trading, reversing earlier losses.

The Center for European Economic Research reported that German economic sentiment had "moved sideways" in May, gaining 0.1 point after experiencing a sharp decline the prior month.

Meanwhile, the main Asian markets ended the day in the red. The Shanghai Composite lost 1.1%, the Hang Seng lost 0.3% and the Nikkei in Tokyo edged down by 0.2%.

To top of page

Join the Conversation
Sponsored by
Index Last Change % Change
Dow 16,408.54 -16.31 -0.10%
Nasdaq 4,095.52 9.29 0.23%
S&P 500 1,864.85 2.54 0.14%
Treasuries 2.72 0.08 3.19%
Data as of 2:57pm ET
Company Price Change % Change
Bank of America Corp... 16.15 0.00 0.00%
Facebook Inc 58.94 0.00 0.00%
General Electric Co 26.56 0.00 0.00%
Cisco Systems Inc 23.21 0.00 0.00%
Micron Technology In... 23.91 0.00 0.00%
Data as of Apr 17
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
Find personalized rates:
Rate data provided
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.