![]()
- Why It’s Suddenly Exciting to Be a Yahoo Shareholder Again
- Goldman Investment Shines Light on Solar Power
- Facebook Options Soar on First Day
- Are You Ready for Facebook Options?
- Option Bulls Dig Into Ivanhoe Near Lows
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Spain to Go to Market to Fund Banks, Regions
- Home Prices Hit Fresh Lows, But 'We See Signs of Hope'
- JPMorgan Implicated in Japan's Insider Trading Probe
- Cramer's Top Dividend Plays
- Manufacturing May Be Poised for a Quantum Leap
- Why June Could Be a Turning Point for Markets
- BlackBerry Maker Hires Advisers to Review Business
- Facebook Faces Extended US Review of Instagram Deal
- Shares of Facebook Fall Below $29 for First Time
MOST SHARED
- Advanced Manufacturing Could Spark Next Industrial Revolution
- Facebook Stock Falls Below $29 for First Time
- Stocks to Watch: RIMM, LULU, DAL & More
- Marubeni Buys Gavilon for $3.6 Billion as It Eyes China
- Whistleblower Woodford Wins Olympus Settlement
- Cramer’s One-on-One with Airgas CEO
- BlackBerry Maker RIM Hires Advisers to Review Business
- Home Prices Hit Lows, But 'We See Signs of Hope'
- Digital Generation Bottomed Out: Finerman
- Lightning Round: Advance Auto Parts, Michael Kors, Pilgrim's and More
MOST POPULAR
HOT ON FACEBOOK
Futures Slip After Euro Zone Downgrades
U.S. stock index futures edged lower Tuesday after a weaker-than-expected retail sales report and following Moody's ratings downgrade of a handful of euro zone nations.
Rating agency Moody's warned it may cut the triple-A ratings of France, the United Kingdom and Austria, while it downgraded the ratings of Italy, Portugal, Spain, Slovakia, Slovenia and Malta.
The ratings agency's move came a day after Greece's lawmakers approved a new round of austerity measures aimed at securing a bailout package.
Meanwhile, Germany's investor and analyst sentiment jumped to its highest since April 2011.
On the economic front, retail sales rose less than expected in January to 0.4 percent, according to the Commerce Department. Economists polled by Reuters had forecast retail sales climbing 0.7 percent last month.
Meanwhile, import prices rose 0.3 percent in January, according to the Labor Department as petroleum and food rebounded strongly. Economists polled by Reuters had expected prices to gain 0.2 percent.
Bank of America [BAC
Loading...
()
] slipped after Citi cut its rating on the financial giant to "neutral" from "buy," citing ongoing earnings headwinds for the firm. Still, Citi raised its price target on BofA to $8.5 from $8.
Meanwhile, Boeing [BA
Loading...
()
] gained after the Dow component said it signed a deal worth $22.4 billion, its largest commercial airplane order ever, with Indonesia's Lion Air.
On the tech front, the Wall Street Journal reported that Apple's [AAPL
Loading...
()
] upcoming iPad 3 will use the 4G networks of both Verizon [VZ
Loading...
()
] and AT&T [T
Loading...
()
]. The news comes after the iPad maker hit a major milestone, closing above $500 a share for the first time in the previous session.
Meanwhile, U.S. and European regulators approved Google's [GOOG
Loading...
()
] $12.5 billion acquisition of Motorola Mobility [MMI
Loading...
()
], but warned they would closely monitor the Internet giant to ensure patents critical to the telecommunications industry would be licensed at fair prices.
Michael Kors [KORS
Loading...
()
] surged after the luxury retailer posted strong earnings, thanks to rising demand.
Metlife [MET
Loading...
()
] is scheduled to post earnings after-the-bell tonight.
At 10 am, Treasury Secretary Timothy Geithner will testify before the Senate Finance Committee on the fiscal year 2013 budget which includes extending the payroll tax cut and emergency unemployment insurance.
—Follow JeeYeon Park on Twitter: —
Coming Up This Week:
TUESDAY: Fed's Plosser speaks, business inventories, 13-F filings due; Earnings from Metlife
WEDNESDAY: MBA mortgage applications, Empire state mfg survey, treasury international capital, industrial production, Fed's Fisher speaks, housing market index, oil inventories, FOMC minutes, credit card default rates reported; Earnings from Comcast, Abercrombie & Fitch, Deere, CBS, Netapp, Nvidia
THURSDAY: Housing starts, jobless claims, PPI, Bernanke speaks at FDIC hearing, Philadelphia Fed survey; earnings from GM, Applied Materials, Baidu, Nordstrom
FRIDAY: CPI, leading indicators; Earnings from Campbell Soup, Heinz
More From CNBC.com:










