Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Greek Tragedy?
European finance officials will hold emergency talks in Brussels at 11:30am. ET in an attempt to map out the future of Greece's bailout program.
Greece is looking to secure a bridge loan for a few months, giving it time to hammer out a replacement to the existing bailout program which expires on February 28. The country's newly elected government wants to reverse a string of economic reforms in defiance of the terms set by its international lenders.
But its lenders in Europe -- which have collectively given Greece about €240 billion ($272 billion) over the past five years -- want Greece to stick to the terms of its bailout. A new debt crisis could end up pushing Greece out of the eurozone.
Kit Juckes, a market strategist at Societe Generale, says investors expect a deal will be hashed out.
"Markets are priced for some kind of stop-gap deal which allows the European Central Bank to continue financing Greek banks and lets talks continue," he said.
Greece's main stock market index is declining by about 3%.
2) Ukraine Talks Continue
World leaders are also trying to agree on how to stop the bloodshed and violence in Eastern Ukraine.
President Obama spoke on the phone with Russian President Vladimir Putin last night to discuss the situation. Putin is flying to Minsk Wednesday to speak with political leaders about a new peace deal.
Western nations have accused Russia of contributing to the violence and separatist tensions in Eastern Ukraine, and have responded by issuing harsh sanctions against Russia. More sanctions against Russia could come into force next week.
3) Corporate Earnings and Updates
PepsiCo (PEP), Mondelez (MDLZ) and Time Warner (TWC), which owns CNN, are reporting quarterly earnings before the opening bell.
Cisco (CSCO, Tech30), Tesla Motors (TSLA) and Whole Foods (WFM) will report after the close.
4) Tuesday Market Recap
The Dow Jones industrial average gained 140 points, while the S&P 500 rose 1.1% and the Nasdaq moved up by 1.3%.
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