Though the week got off to a mixed start, the record books remain wide open for rewriting this morning with the Dow seeking to extend a record Tuesday winning streak currently at 16. The Dow has not fallen on a Tuesday since January 8. The S&P 500, meanwhile, comes off yet another record close, with the Nasdaq chalking up a 12-1/2 year closing high.
It's another light day for economic numbers, though investors will be paying attention to the Labor Department's monthly JOLTS report, a measure of job opportunities and labor turnover, at 10 a.m. ET. The government also issues March consumer credit numbers at 3 p.m. ET, with consensus forecasts calling for a $15.4 billion increase following February's $18.1 billion advance.
The Treasury will auction $32 billion in 3-year notes, with the results of that sale out shortly after 1 p.m. ET.
Notable earnings reports out this morning include DirecTV (DTV), Discovery Communications (DISCA), Fossil (FOSL), Perrigo (PRGO), and Molson Coors (TAP), while Dow component Walt Disney (DIS) leads today's list of after-the-bell releases. Other companies issuing quarterly numbers this afternoon include Electronic Arts (EA), Mondelez International (MDLZ), Marathon Oil (MRO), Symantec (SYMC), TripAdvisor (TRIP), and Whole Foods (WFM).
Disney and Electronic Arts are also among our stocks to watch this morning, as the two announce a multi-year agreement to develop new video games based on the Star Wars franchise.
Eli Lilly (LLY) chief executive John Lechleiter will undergo surgery to treat a dilated aorta this coming Monday. Lechleiter is expected to make a full recovery and return to work later this summer.
Anadarko Petroleum (APC) earned $1.08 per share, excluding certain items, for the first quarter, 14 cents above estimates, with revenues also beating estimates. The energy producer also raised the top end of its production forecast for the year.
First Solar (FSLR) earned $0.69 per share for the first quarter, six cents below estimates, though revenues did exceed analyst forecasts. The profit did reverse a year ago loss on improved sales, and the company kept its previous full-year guidance intact.
Norwegian Cruise Lines (NCLH) reported first quarter profit of $0.06 per share, excluding certain items, doubling Street estimate. Revenue also came in above expectations, thanks to higher ticket prices and increased onboard spending.
Microsoft (MSFT) has announced a revamping of its Windows 8 operating system, though the newest version won't be available until later this year. International Data Corporation has reported that confusion over Windows 8 was a contributing factor to a record 14 percent decline in PC sales during the first quarter.
Wal-Mart (WMT) has taken back the top spot in the Fortune 500, according to the latest rankings. Exxon Mobil (XOM), while Apple (AAPL) had its first top 10 showing by coming in at number 6.
Major shareholders in Sprint Nextel (S) will meet with Softbank president Masayoshi Son today, to discuss Softbank's $20 billion bid for 70 percent of Sprint. That offer is competing with Dish Network's (DISH) $25.5 billion bid for all of Sprint.
Diageo (DEO) has named chief operating officer Ivan Menezes as its new chief executive, replacing Paul Walsh as of July 1.
Three major shareholders of JPMorgan Chase (JPM) remain undecided on whether Jamie Dimon should keep his dual role as both chairman and CEO of the banking giant, according to the Wall Street Journal. Votes on the separation issue will be counted on May 21.