Stocks: Close to record highs

Written By limadu on Rabu, 20 Februari 2013 | 17.42

U.S. stocks rose Tuesday.

NEW YORK (CNNMoney)

Investors will have that question to ponder as they head into Wednesday awaiting new economic data and the latest batch of corporate earnings.

At 8:30 a.m. ET, the government will publish data on housing starts, building permits and producer prices. At 2 p.m., the Federal Reserve will release the minutes of its policy meeting from January 29-30, which investors will parse for clues about how long the central bank will continue its stimulus efforts.

U.S. stocks rose Tuesday, with the Dow and S&P 500 finishing at new 5-year highs and not far off records set in October 2007. U.S. stock futures were firmer ahead of the opening bell.

Fear & Greed Index still in "extreme greed" territory

On the corporate front, firms including DISH Network (DISH, Fortune 500) and MGM Resorts (MGM, Fortune 500) are scheduled to report quarterly results in the morning, while Tesla (TSLA) is up after the bell.

After the close Tuesday, Dell (DELL, Fortune 500) reported earnings and revenue that fell from a year ago but topped analyst expectations.

Controversial nutritional supplements company Herbalife (HLF) also announced better-than-expected earnings and sales figures Tuesday afternoon.

European markets were little changed in morning trading, while Asian markets ended higher. The Shanghai Composite advanced 0.6%, the Hang Seng added 0.7% and Japan's Nikkei gained 0.8%. To top of page

First Published: February 20, 2013: 4:48 AM ET


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