Futures dip after Dow, S&P records and Nasdaq 5,000, U.S. stock index futures edged lower on Tuesday, after the Dow and S&P marched to new record highs and the Nasdaq topped the 5,000 mark for the first time in 15 years.
* The Nasdaq .IXIC notched its first close above the milestone 5,000 mark since March 10, 2000, buoyed by a flurry of merger activity, for only the third close above that level in the history of the index. The Dow .DJI and S&P .SPX closed at their latest records as economic data pointed to a slowly improving economy.
* Investors will look to monthly auto sales data throughout the session for signs on the health of the U.S. economy and the appetite of consumer spending. Fiat Chrysler Automobiles's (FCHA.MI) CEO said Volkswagen (VOWG_p.DE) is not the ideal candidate for a merger, adding he was exploring various M&A options....Read More
* The Nasdaq .IXIC notched its first close above the milestone 5,000 mark since March 10, 2000, buoyed by a flurry of merger activity, for only the third close above that level in the history of the index. The Dow .DJI and S&P .SPX closed at their latest records as economic data pointed to a slowly improving economy.
* Investors will look to monthly auto sales data throughout the session for signs on the health of the U.S. economy and the appetite of consumer spending. Fiat Chrysler Automobiles's (FCHA.MI) CEO said Volkswagen (VOWG_p.DE) is not the ideal candidate for a merger, adding he was exploring various M&A options....Read More
