Equities Pause Near Long-Term Highs

Market sentiment is mostly positive again today as sellers remain on the sidelines.

S&P 500 futures are up by about 0.1 percent, while the Nasdaq is lagging after weak corporate guidance. European indexes are mostly higher as well, led by the DAX after Germany reported strong industrial production. Asian markets fell overnight as traders took profits in Shanghai and Tokyo.

Stocks have spent the last week consolidating slightly above 1500 in the wake of a blistering January rally. While some investors have hoped for a pullback, few sellers have stepped forward amid an improving global economic backdrop.

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