U.S. stocks ended lower Monday.
NEW YORK (CNNMoney) -- Sick of the fiscal cliff negotiations yet? Well, tough luck - the talks in Washington appear set to take center stage for investors again on Tuesday.
President Obama outlined a proposal last week that called for $1.6 trillion in new taxes, among other things. Republicans issued a counter-proposal Monday that included tax reforms, changes to Medicare and other spending cuts worth $2.2 trillion over the next decade.
That plan was quickly dismissed by the White House, and the apparent deadlock is likely to set the early tone on markets. U.S. stock futures pointed to a decline at the open.
In corporate news, home builder Toll Brothers (TOL) is scheduled to report its quarterly results in the morning, while music streaming service Pandora (P) is up after the bell.
After the market closed Monday, Oracle (ORCL, Fortune 500) announced plans to make its second, third and fourth quarter dividend payments for fiscal year 2013 this month. The tech giant is the latest in a string of companies that have accelerated dividend payments in anticipation of higher tax rates next year.
U.S. stocks ended lower Monday.
Fear & Greed Index
European markets drifted lower in morning trading, with the U.S. budget talks depressing sentiment, while Asian markets ended mixed. The dollar was weaker against European currencies and the yen. 
First Published: December 4, 2012: 3:48 AM ET
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