The Dow and the S&P 500 come off record closing highs, despite both having alternated between gains and losses for the past nine sessions. Simple math has been responsible for this: with one exception, all the up days during the streak have more than made up for the prior day's losses. The Dow has yet to suffer a losing streak as long as three days during 2013.
Investors are focused on this morning's ADP private sector employment report for March, out at 8:15 a.m. ET. Economists are looking for job gains of 194,000, nearly the same as February's 198,000.
At 10 a.m. ET, the Institute for Supply Management will issue its March non-manufacturing index, seen coming in at 55.8 following February's 56.0 reading.
Weekly reports out today include the Mortgage Bankers Association's look at mortgage applications at 7 a.m. ET, and the Energy Department's assessment of oil and gasoline inventories at 10:30 a.m. ET.
Federal Reserve Governor Daniel Tarullo will be interviewed by CNBC's Steve Liesman on Squawk Box this morning at 8:30 a.m. ET, as Fed officials continue to debate how and when to exit the current accommodative monetary policy.
Tesla Motors (TSLA) is a stock to watch this morning, after the automaker announced a joint financing partnership with Wells Fargo (WFC) and U.S. Bancorp (USB). Under the program, the banks will provide 10% down financing for purchase of a Model S.
Vodafone (VOD) shares are falling overseas after Verizon (VZ) issued a statement that, while it is willing to buy out Vodafone's 45 percent stake in Verizon Wireless, it has no plans to do so now, nor does it have any intention to make an offer for the entire company as had been speculated in media reports earlier this week.
Facebook (FB) issued a statement saying it welcomes the SEC's announcement that companies can use social media to disseminate key information.
BP (BP) is putting its U.S. wind farm operation up for sale. The company did not put a projected value on that unit, but says it expects "attractive offers".
AstraZeneca (AZN) is buying privately held U.S. biotech company AlphaCore Pharma for an undisclosed price. AlphaCore is an early stage company that's working on a new type of cholesterol treatment.
Google (GOOG) is reportedly launching a second generation version of its Nexus 7 tablet computer in July, according to Reuters.
Baidu (BIDU) is developing a digital eyewear product similar to Google's Google Glass. Baidu is currently testing the product internally and said it is unclear if the product will ever actually be sold.
BlackBerry (BBRY) CEO Thorsten Heins told The Canadian Press his company hasn't ruled out another version of the PlayBook tablet, despite the failure of earlier versions to catch on with consumers.
Weight Watchers (WTW) is paying off outstanding debt with a new loan, a move that will increase its interest costs but will give it more flexibility.
Global Payments (GPN) earned $0.87 per share for its third quarter, two cents below estimates, with revenue also short of consensus. The company is a processor of credit card transactions.