Profit taking may contribute to any early weakness on
Uncertainty about the outlook for monetary policy as well as ongoing conflicts overseas may also inspire traders to cash in on the recent gains.
Additionally, news from Target (TGT) may generate some negative sentiment, as the troubled retailer reported weaker than expected second quarter earnings and cut its full-year profit guidance.
Target's lower full-year earnings outlook came as the company continues to deal with the effects of last year's massive data breach as well as a money-losing expansion into
Home improvement retailer Lowe's (LOW) is also likely to come under pressure after the company reported second quarter results that beat estimates but lowered its forecast for full-year sales growth.
Nonetheless, trading activity may be somewhat subdued ahead of the release of the minutes of the Federal Reserve's latest monetary policy meeting this afternoon.
Traders are likely to closely analyze the minutes for clues as to how soon the Fed will begin to consider raising interest rates.
Stocks turned in another strong performance during trading on Tuesday, extending the upward trend seen over the past several sessions. The markets benefited from a positive reaction to the latest US economic data as well as easing geopolitical concerns.
The major averages moved roughly sideways going into the close, hovering firmly in positive territory. The Dow climbed 80.85 points or 0.5% to 16,919.59, the Nasdaq rose 19.20 points or 0.4% to 4,527.51 and the S&P 500 advanced 9.86 points or 0.5% to 1,981.60.
In overseas trading, most stock markets across the
Meanwhile, the major European markets are giving back some ground following recent strength. While the
In commodities trading, crude oil futures are climbing
On the currency front, the US dollar is trading at
Most Popular Stories
- Small Businesses Add 3 More Worries to Their List
- 2015 Mazda MX-5 Miata Is Fast and Eager
- Tablets, Cars Drive AT&T Gains
- DOMA Tech Adding Jobs to Process VA Claims
- Tech Firms Flock to LA's 'Silicon Beach'
- Apple Warns of China iCloud Attack
- Job Hunting Is Hard Work
- Consumer Prices Edge Up, Surprising Economists
- Ford, GM Expect to Report Strong Profits
- Stocks Subdued After Gains Earlier in Week