Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, May 21:
1. -- U.S. stock futures were little changed Tuesday, after the S&P 500 eased from its record high during the prior session as investors suspected the Federal Reserve will slow its quantitative easing after officials hinted at the possibility because of a better economic outlook.
2. -- The economic calendar in the U.S. Tuesday is empty.
3. -- U.S. stocks on Monday closed lower on investor concern that the Fed may curb its bond-buying economic stimulus program.
The S&P 500 closed off 0.07% to 1,666.29 while the Dow Jones Industrial Average lost 0.12% to 15,335.51. The Nasdaq slid 0.07% to 3,496.43.
4. -- JPMorgan Chase
Press reports suggest Dimon could quit if the vote goes against him.
5. -- Home Depot
Analysts were calling for the world's biggest home-improvement retailer to post first-quarter earnings of 77 cents a share on revenue of $18.68 billion.
The company lifted its earnings guidance for 2013, saying it sees earnings rising about 17% to $3.52 a share.
6. -- Best Buy
Wall Street was looking for earnings of 25 cents a share on revenue of $10.66 billion in the first quarter ended April 30.
7. -- Yahoo!
The news followed the Internet giant's announcement earlier in the day that it had reached a deal to buy microblogging site Tumblr for $1.1 billion.
8. -- Urban Outfitters
The retailer said revenue rose 14% for the three months ended April 30 to a record $648.1 million, but than an average forecast of $655.1 million, according to Yahoo! Finance. Profit jumped 39% to $47 million from the same period a year earlier, while earnings per share adjusted for some items totaled 32 cents for the quarter, beating the forecast of 29 cents.