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Traders look to auto sales to drive stocks higher

Stocks could stay on cruise control Tuesday, with auto sales a potential catalyst, as traders watch for another new high in the Nasdaq.

February vehicle sales are expected to come in between 16.5 million and 16.7 million on an annualized basis, roughly in line with January's 16.6 million. But there are some concerns that winter weather could have resulted in softer-than-expected sales when the auto industry reports monthly data Tuesday.

"Buying conditions are great," said Deutsche Bank's chief U.S. economist, Joseph LaVorgna. He expects 16.5 million sales at an annualized selling rate. "This time of year, with a lot of data, it's all one big weather report."