Today's Primer

Stocks continue to rewrite record books


With mostly modest daily gains, the major averages keep setting records, with both the Dow and the S&P 500 closing at all-time highs Friday and also eclipsing their intraday record highs as well. The Dow Transports also set an all-time closing high, and the Nasdaq finished at its best level since September 2000.


A fairly busy week for economic reports gets off to a slow start this morning, with just the NAHB's monthly home builder sentiment index on the schedule. The 10 a.m. ET release is expected to show the index at 55 for November, unchanged from October levels.


Investors will also take note of two Fed speakers during the trading day, with public appearances by New York Fed President William Dudley and Philadelphia Fed President Charles Plosser.


Tyson Foods (TYS) is among the few companies set to release quarterly earnings this morning, while Salesforce.com (CRM) and Urban Outfitters (URBN) highlight today's after-the-bell earnings schedule.


JPMorgan Chase (JPM) leads our stocks to watch this morning, with the bank reaching a $4.5 billion settlement with 21 institutional investors over the sale of mortgage-backed securities.


Merck (MRK) is ending production at one of its Puerto Rico plants by late 2014 as part of a global restructuring. It will consolidate operations with another plant in Puerto Rico.


Boeing (BA) received over 250 orders for its revamped 777 jet at the Dubai Airshow. Separately, Boeing said it had no plans to reopen talks with its machinists union, after a contract proposal that would have located 777X jet production in the Seattle area was rejected.


Dish Network (DISH) and its chairman, Charles Ergen, have been sued by bankrupt wireless firm LightSquared. Dish is accused of trying to illegally take control of LightSquared's wireless spectrum.


Apple (AAPL) may or may not have bought Israel's PrimeSense, the company behind the technology involved in Microsoft's Xbox Kinect. Financial newspaper Calcalist said the deal had been completed for $345 million, but another report in Business Insider said no deal has taken place.


UnitedHealth (UNH) is said to have dropped thousands of doctors from its networks in recent weeks, according to a report in the Wall Street Journal.


Medtronic (MDT) is the subject of an FDA warning, with the agency saying defects in certain medical devices made by the company could cause harm or even death. The concerns center on guidewires that are used in heart-related procedures.


Sony (SNE) sold more than one million of its new PlayStation 4 gaming consoles on Friday's first day of sales.