NEW YORK (CNNMoney)
The Dow Jones industrial average fell 0.2% and the S&P 500 slipped 0.1% while the Nasdaq added 0.1%.
Aluminum producer Alcoa (AA, Fortune 500) is on tap to report first-quarter results after the closing bell. The Dow component is expected to post a profit decline due to weak aluminum prices. But overall, analysts are forecasting first-quarter earnings to grow 1.5% compared to a year ago, according to Thomson Reuters.
In other corporate news, General Electric (GE, Fortune 500) said it planned to buy energy company Lufkin Industries (LUFK) for $3.3 billion. Shares of Lufkin, which builds and maintains equipment for oil and gas wells, surged nearly 40% in early trading.
Anheuser-Busche InBev's (BUD) proposed $20 billion acquisition of Mexican brewer Grupo Modelo appears to be back on track after the companies, along withConstellation Brands (STZ) and Crown Imports, said they'd reached an agreement that would settle the Justice Department's objections to the deal.
Related: Fear & Greed slides into neutral
In Europe, Portugal's top court invalidated a portion of the government's austerity package on Friday, leaving policymakers scrambling for additional revenue to comply with the terms of the country's international bailout.
Portuguese stocks fell but the main European markets were slightly higher in afternoon trading.
Meanwhile, Tensions remain high in Korea as the region waits uneasily for Kim Jong Un's next move. Asian markets ended mixed. The Shanghai Composite closed down 0.6%, while the Hang Seng advanced 0.1%.
The Nikkei continued to rally, adding another 2.8%, as investors cheered new stimulus measures from the Bank of Japan. The yen weakened against the U.S. dollar, falling to its lowest level since 2009.
The dollar fell against the euro but gained ground versus the British pound.
Oil priced edged higher, while gold slipped.
The price of the 10-year Treasury edged lower, pushing the yield up to 1.72% from 1.69% late Friday. 
First Published: April 8, 2013: 9:42 AM ET
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