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• U.S. stock indexes rose on Monday as a sharp drop in General Electric shares was more than offset by gains in high dividend-paying sectors including consumer staples and utilities.
General Electric (GE.N) slashed its dividend by 50 percent and cut its profit forecast while unveiling a plan that narrowed its focus on aviation, power and healthcare.
The Dow Jones Industrial Average .DJI rose 17.49 points, or 0.07 percent, to 23,439.7, the S&P 500 .SPX gained 2.54 points, or 0.10 percent, to 2,584.84 and the Nasdaq Composite .IXIC added 6.66 points, or 0.1 percent, to 6,757.60.
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• Asian stocks wobbled on Tuesday as investors awaited developments in U.S. tax reform efforts, while contemplating if a marked flattening in the U.S. yield curve might ultimately be a harbinger of an economic slowdown there.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.25 percent after two sessions of declines, while Australia fell 0.9 percent.
Japan's Nikkei .N225 was choppy, down 0.1 percent to add to four sessions of losses.
In Asia, the highlight will be Chinese data on industrial output, retail sales and urban investment, while the United States releases its own retail sales figures later in the day.
Reference: Reuters, CNBC
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