Futures are pointing to a lower Wall Street open, meaning that the S&P 500's win streak could come to an end.
U.S. stock futures were lower this morning, meaning that the S&P 500's longest win streak in 18 months could come to an end today. The S&P 500 has been up for the past seven sessions, with the Dow and Nasdaq higher in six of the past seven trading days.
On the data front, the government releases February factory orders this morning at 10 a.m. ET, with consensus forecasts calling for a 0.5% decline. Factory orders had increased by 0.1% in January. Separately, there are no earnings reports of note out today. The U.K.'s political future looks as uncertain as ever with cross-party talks over Brexit still bearing no compromise ahead of crucial decisions. EU leaders will meet Wednesday and decide whether to grant the U.K. more time to leave.
Amazon's satellite internet plan is increasingly looking like the one Elon Musk has at SpaceX. Among the reasons for the similarities, people tell CNBC, is that Jeff Bezos hired some of Musk's previous senior management. Fiat Chrysler will pay Tesla hundreds of millions of euros to allow Tesla's electric cars to be counted in its fleet. That move will allow it to avoid fines for violating new, tougher European Union emissions rules.
Harley-Davidson was downgraded to"market perform" from"outperform" at Wells Fargo, given weakness in the heavyweight motorcycle market as well as uncertainty surrounding tariffs.
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