US Stocks Back in Indecisive Mode

Stocks come off a little-changed session, after the market was unable to sustain some early momentum from a Standard & Poor's upgrade of its outlook for the U.S. The Dow, which still has not experienced a three-day losing streak this year, has also not had a winning streak as long as three days since the end of a four-session win streak April 30.

Economic reports of note today include the NFIB's latest assessment of small business sentiment, with its monthly index out at 7:30 a.m. ET. At 10 a.m. ET, economists expect the government's wholesale inventories report to show a 0.2 percent rise for April, following March's 0.4 percent increase. Also at 10 a.m. ET, the Labor Department issues its "JOLTS" report for April, the monthly measure of job opportunities and labor turnover.

The Treasury will sell $32 billion in 3-year notes, with the results of that sales available shortly after 1 p.m. ET.

There are no corporate earnings reports of note on today's calendar.

Lululemon (LULU) leads our list of stocks to watch, both on an earnings beat and the resignation of its chief executive officer. The apparel maker reported first quarter profit of $0.32 per share, two cents above estimates, with revenues also beating forecasts, and its current quarter projections are also above consensus. CEO Christine Day will be stepping down as soon as a successor is found, saying that now is the right time for a CEO who will drive the next phase of the company's development.

Texas Instruments (TXN) narrowed its current quarter revenue projection in its mid-quarter update, with the chipmaker now expecting sales of $2.99 billion to $3.11 billion, compared to the prior range of $2.93 billion to $3.17 billion. The company calls the current environment "very encouraging".

Sprint Nextel (S) has gotten a sweetened offer from Japan's Softbank, which is now bidding $21.6 billion for 78 percent of Sprint, compared to the prior offer of $20.1 billion for 70 percent. It's also increasing the cash portion of its proposed deal, as it tries to counter a competing bid from Dish Network (DISH) for Sprint.

General Mills (GIS) increased its fiscal 2013 EPS guidance to $2.68 - $2.69, though that's still one cent below current Street consensus. The food producer had previously expected earnings of $2.66 to $2.68 per share.

Corinthian Colleges (COCO) is being investigated by the SEC, which has subpoenaed documents from the for-profit education company. The probe is looking into issues surrounding student loans, recruitment, and attendance, among other things. In a news release, Corinthian said it intended to cooperate with the SEC in its investigation.

Diamond Foods (DMND) earned $0.05 per share, excluding certain items, for its third quarter, surprising analysts who had expected a $0.17 per share loss. But Diamond also restated its second quarter results to show a $0.37 per share, compared to the originally reported $0.43 per share profit, due to a calculation error.

Sony (SNY) will price its upcoming PlayStation 4 at $399, $100 dollars less than the competing Xbox One from Microsoft (MSFT). The announcement was made during a presentation at the Electronic Entertainment Expo in Los Angeles, the gaming industry's annual trade show.

Boeing (BA) upgraded its 20-year demand forecast for jets, now forecasting airlines will buy 35,280 jets worth $4.8 trillion over that time period. That's a 3.8 percent increase from Boeing's prior forecast.

Former Hewlett-Packard CEO and current Oracle President Mark Hurd is not interested in becoming Dell (DELL) CEO, according to AllThingsD. Hurd was set to have been on a list of preferred candidates drawn up by investor Carl Icahn and Southeastern Asset Management, if their bid to gain control of Dell is successful.