Stocks: Few catalysts to push higher

Written By limadu on Selasa, 12 Maret 2013 | 17.42

NEW YORK (CNNMoney)

U.S. stock futures were narrowly weaker ahead of the open. Investors will have little in the way of corporate or economic news to consider.

In the continuing saga of Washington's budget wars, House Budget Committee Chairman Paul Ryan will release his budget proposal Tuesday.

The U.S. Treasury Department will also release its February budget later in the day.

Bulk retailer Costco (COST, Fortune 500) announced higher sales and earnings for its fiscal second quarter.

U.S. stocks continued their record run Monday. The Dow Jones industrial average climbed 0.3%, closing at a record high for the fifth consecutive day.

Yum Brands (YUM, Fortune 500) shares rose in after-hours trading after the company -- which owns Taco Bell, KFC and Pizza Hut brands -- reported a smaller-than-expected drop in same-store sales at its China locations.

Clothing retailer Urban Outfitters (URBN) shares dropped slightly after hours, after narrowly missing earnings expectations.

Fear & Greed Index

European markets were little changed in morning trading, while Asian markets ended weaker. Chinese stocks fell by about 1% while Japan's Nikkei ended down 0.3%. To top of page

First Published: March 12, 2013: 6:39 AM ET


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