Mastercard gained after reporting a jump in profitsthat beat expectations. The credit card processing company earned $4.29 a share, beating estimates of $4.10 a share, according to Reuters. The company earned $3.46 a share a year ago.
But Archer Daniels Midland sank despite meeting earnings expectations and exceeding revenue estimates. Shares for the agricultural food processor are up about 23 percent so far this year.
And Sears slid after forecasting a first quarter loss. The retailer is holding a shareholder meeting today.
Molson Coors also fell after reporting earnings that fell short of estimates, although sales were better than expected.
In macroeconomic news, Redbook releases its April index of retail sales for department and chain store sales at 8:55 a.m. and the Commerce Department releases March factory orders at 10 a.m.
Auto sales are released later in the day and are expected to show a 16 percent increase for April, as the sales crunch dealt by the Japanese earthquake and tsunamiis not expected to show up in new auto purchases until May, automakers and analysts told Reuters.
API oil and gasoline inventories will be released after the bell, ahead of data from the Department of Energy, which will be released on Wednesday.
Stocks in Asiaended the day mostly lower with Japanese markets closed and in Europe shares traded slightly lower in morning trade as the London market re-opened after public holidays on Friday and Monday. Meanwhile, the UK economy is showing continuing signs of sluggishness, and manufacturing expanded at the slowest rate in seven months.
On Tap This Week:
TUESDAY: Factory orders, auto sales, Bristol-Myers shareholder meeting, Nokia annual meeting, Wells Fargo shareholder meeting; earnings after-the-bell from Comcast and CBS.
WEDNESDAY: Weekly mortgage applications, Challenger job-cut report, Fed's Rosengren speaks, ADP employment report, ISM non-manufacturing index, oil inventories, Fed's Lockhart speaks; earnings before-the-bell from Anheuser-Busch, AOL, Kellogg, and Time Warner, and after-the-bell from Electronic Arts, MetLife, News Corp, Transocean and Whole Foods.
THURSDAY: Bank of England rate announcement, European Central Bank announcement, chain store sales, jobless claims, productivity and costs, Treasury STRIPS, money supply; Fed Chairman Bernanke speaks, Fed's Kocherlakota speaks, UPS shareholder meeting, Verizon shareholder meeting; earnings before-the-bell from GM, Cigna, CVS Caremark and after-the-bell from AIG, Kraft and Visa.
FRIDAY: Non-farm payroll report, consumer credit, Alcoa shareholder meeting, flash crash anniversary; earnings before-the-bell from Constellation Energy and tentatively after-the-bell from Berkshire Hathaway.
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