Stocks: Record highs in sight

Written By limadu on Selasa, 05 Maret 2013 | 17.42

NEW YORK (CNNMoney)

At 10 a.m. ET, the Institute for Supply Management will release its monthly index on service sector business activity.

U.S. stocks ended higher Monday, and the Dow is now less than 40 points away from its all-time closing high. U.S. stock futures were narrowly firmer ahead of the open Tuesday.

After the market close, gunmaker Smith & Wesson Holding Co (SWHC) is expected to report strong quarterly results. Gun sales have surged in recent months amid speculation about new gun control laws.

JC Penney's (JCP, Fortune 500) shares were battered in after-market trading on Monday. The struggling retailer is in the third week of a court battle with Macy's (M, Fortune 500) over claims that Martha Stewart Living Omnimedia (MSO) violated a previous agreement with Macy's in entering into a new partnership with JCPenney.

Genworth Financial Inc. (GNW, Fortune 500) shares rose on rumors that the company is planning a sale.

Investors will likely continue to watch Apple (AAPL, Fortune 500), which hit a new 52-week low on Monday. The stock is down 20% this year.

Fear & Greed Index

European markets were firmer in morning trading, while Asian markets ended higher. The Shanghai Composite added 2.33%, while the Hang Seng increased 0.1% and Japan's Nikkei rose 0.3%. To top of page

First Published: March 5, 2013: 4:38 AM ET


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