Stocks: Focus on Apple, Carnival and JPMorgan
With stocks sitting at record highs, it's probably time for a breather. U.S. stocks edged lower Monday, but all three major indexes are up 17% to 18% so far this year.
Shares of Carnival (CCL) sank 12% in premarket trading Tuesday after the cruise ship operator slashed its earnings forecast, and said it was cutting prices in an effort to attract customers back onto its ships.
It's also Jamie Dimon's day of reckoning. The JPMorgan (JPM, Fortune 500) CEO is facing a shareholder vote over whether to split the chairman and CEO roles, which he both holds. Shareholders also want to hear from the board about how they're shoring up risk controls.
Related: JPMorgan shareholders ready to grill the board
Apple (AAPL, Fortune 500) will also be in focus as CEO Tim Cook and other executives appear on Capitol Hill to testify about the company's tax practices. A report released Monday by Senators John McCain and Carl Levin criticized Apple for its use of obscure subsidiaries and accounting tactics to reduce its tax burden.