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Dow Seeks To Extend Unprecedented Tuesday Streak

Tuesday, 14 May 2013 | 6:27 AM ET


After a mixed start to the week, an unusual record comes back into focus, with the Dow Jones Industrial Average not having fallen on a Tuesday since January 8. A rise today would extend the record string to 18 consecutive Tuesday gains.


A relatively light economic calendar today includes the NFIB's latest reading on small business sentiment at 7:30 a.m. ET, with its monthly index for April seen rising to 92.5 from the March reading of 89.5. We'll also get the government's April assessment of import and export prices at 8:30 a.m. ET.


The earnings calendar is also extremely light today, with few companies of note reporting this morning. Agilent Technologies (A) is among the small number reporting after today's closing bell.


Take-Two Interactive (TTWO) is among our stocks to watch today, reporting fiscal fourth quarter profit of $0.38 per share, 15 cents above estimates, with revenues also well above consensus. The videogame maker was helped by strong sales of its "BioShock Infinite" game.


Verizon (VZ) and Vodafone (VOD) will receive a $7 billion dividend from their Verizon Wireless joint venture in June, a surprise to some analysts who had not expected a payout of that size.


Dell (DELL) board members are calling on investor Carl Icahn to provide more details on his plan to keep Dell public and return $12 per share in cash or stock to shareholders. A Dell special committee said the proposal leave many questions unanswered, including information on financing.


WellPoint (WLP) directors Lenox baker, Susan Bayh, and Sheila Burke have resigned from the health benefits provider's board. The company said the departures were for personal reasons and that there are no disputes between the departed directors and fellow board members or with WellPoint.


Hedge fund Third Point is calling for Sony (SNE) to spin off its entertainment division through an initial public offering, saying the move could result in a jump in Sony shares of as much as 60 percent.