Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Stocks Starting at Record Highs
The S&P 500 (DIVD) and Dow Jones industrial average (DJIAJTH) closed at record highs Monday, and the Nasdaq (BANK) closed with a gain of 0.3%, but more gains may be hard to come by Tuesday.
US stock futures were flat ahead of the opening bell.
European markets were edging higher in early trading, while most Asian markets either closed with losses or ended the day unchanged.
2) Big Hong Kong IPO Fizzles
One of China's richest men -- Wang Jianlin -- brought his real estate group Dalian Wanda to market Tuesday on the Hong Kong stock exchange. The shares were priced at $48 each but slipped by about 3% on their debut.
The Chinese billionaire is heavily invested in real estate, hotels, entertainment and luxury yachts. He's also been looking at buying Lions Gate (LGF), the studio behind "The Hunger Games" movies.
3) Greek tragedy?
Greece's parliament is trying to elect a president Tuesday, with results expected around 6:00am ET. If it fails again, it will have one final chance on December 29, or new parliamentary elections will be called.
That could allow left-wing opposition party Syriza to take power, threatening the viability of Greece's mammoth bailout, its markets and a fragile recovery from six years of painful recession.
4) Earnings and Economics
Walgreens (WAG) is set to release quarterly earnings ahead of the open.
On the economic side, the Bureau of Economic Analysis will release its third estimate of US gross domestic product at 8:30am ET. According to the latest reading, GDP expanded by 3.9% in the third quarter, which was better than expected.
The Census Bureau will also announce new home sales data from November at 10:00am ET. The data missed expectations in October.
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