Stocks: Rally losing momentum?

  @CNNMoneyInvest November 12, 2013: 7:29 AM ET
sp 500 futures 655

Click on chart to track premarkets


Is the bull feeling faint?

U.S. stock futures were pointing to a softer start Tuesday as investors consolidate recent gains and look for reasons to push markets to even higher peaks.

Stocks have surged this year thanks to a slowly recovering economy and continued bond buying from the Fed, leaving the major U.S. indexes sitting at or near record highs.

"The market is basically doing pretty good, considering that tapering is back on the table," said Peter Cardillo, chief market economist at Rockwell Global Capital.

It's a light corporate news and economic calendar Tuesday, with quarterly results earnings before the bell due from DISH Network (DISH, Fortune 500) and Yingli Green Energy (YGE). DISH reported a quarterly gain in profit and revenue, compared with the year-ago quarter.

Related: Fear & Greed Index, still greedy

U.S. markets eked out narrow gains Monday.

European markets were mixed in morning trading.

Most Asian markets closed on a positive note. Japan's Nikkei spiked 2.2% after official data showed a better-than-expected current account balance.

China's Shanghai Composite was up 0.8%, while Hong Kong's Hang Seng Index dropped 0.7% before the end of a major Chinese government meeting. 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 11:22pm 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 23.19 -0.02 -0.09%
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.