NEW YORK (CNNMoney)
Wall Street's chances for a five-day winning streak are in doubt Tuesday morning as stocks open on a cautious note following a streak of record closing highs.
Here are five things you need to know about markets:
1. More records within reach: The S&P 500, Dow Jones Industrial Average and Nasdaq started the day trading flat to slightly lower. The Dow currently sits around 16,920 -- within striking distance of crossing the 17,000 mark for the first time ever.
U.S. stocks closed higher on Monday, with new records for the S&P 500 and the Dow, but the gains were slim. Market volatility, as measured by the VIX (VIX)index, is at its lowest level in well over seven years.
The apparent calm is being seen by some as a red flag. They worry that investors may be becoming complacent.
2. Stocks in focus -- eBay, RadioShack GM & Netflix: Shares of eBay (EBAY, Tech30) fell 2% as investors fret over the departure of David Marcus, the head of its PayPal division, who is leaving for Facebook (FB, Tech30). Earlier this week Amazon (AMZN, Tech30) launched a new service that's expected to go head-to-head with PayPal. It will allow customers to automatically pay recurring charges, such as phone bills, with their Amazon accounts.
RadioShack's (RSH) is struggling to find any signs of life and currently trades under $1.50 -- almost penny stock territory. The company plummeted about 6% after disclosing a loss and plunging same-store sales due to traffic declines and softness in its mobility business.
While RadioShack noted progress in its turnaround, the company warned it may need to raise more capital, slash costs or sell assets if current trends continue or worsen.
Shares of Netflix (NFLX, Tech30) climbed 1% after the company reportedly buried the hatchet with Internet providers such as Verizon (VZ, Tech30) over slow streaming video.
Related: Fear & Greed Index still extremely greedy
General Motor (GM)shares may also move depending on developments at the automaker's shareholder meeting. In recent weeks, the stock has been resilient despite ongoing recalls and PR problems.
Tesla, (TSLA) a notoriously volatile stock, may be worth watching as the company's founder and CEO Elon Musk holds a SpaceX event in Washington later today.
Meanwhile, Burlington Stores (BURL)bounced 4% after announcing a bump in quarterly profits but warning of red ink in the current quarter.
3. More merger mania: The battle over the maker of Botox also continues to boil, with Allergan (AGN) rejecting a sweetened buyout bid worth $53 billion from Valeant Pharmaceuticals (VRX) and activist hedge fund investors Bill Ackman. Allergan is trading about flat after once again concluding the offer "substantially undervalues" the company.
Chico's (CHS) spiked 10% after the Financial Times reported the women's retailer has huddled with private-equity firms in recent weeks about a possible buyout.
Meanwhile, Time Warner (TWX) is reportedly negotiating a deal to acquire a stake in Vice that would value the young media brand at more than $2 billion. Time Warner shares are flat in morning trading.
Related: CNNMoney's Tech30
4. Dividends still fashionable: Best Buy (BBY) ticked higher after hiking its dividend by 12% to 19 cents per share thanks to its stronger cash position. Last month, Best Buy blamed another drop in quarterly sales on a shortage of sexy new products emerging from Silicon Valley.
FedEx (FDX) inched lower even after the shipping giant hiked its dividend by 33% to 20 cents a share.
For the first time since 2008, MetLife (MET) is returning cash to shareholders via a stock buyback program. MetLife's new repurchase plan is valued at about $1 billion. The stock is up slightly.
Related: Second Chinese military unit linked to hacking
5. International movers: European markets were mostly down in afternoon trading, although Germany's DAX was up about 0.1%.
Asian markets also ended mixed. Markets in China jumped while the Nikkei in Japan declined by nearly 1%.
First Published: June 10, 2014: 9:54 AM ET
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