Here’s what’s shaking:
Stock futures are heading lower after the Standard & Poor’s 500 index ended an eight-day positive streak.
Dow Jones industrial futures are down 29 points to 13,803. The broader S&P futures have given up 5.8 points to 1,491.30. Nasdaq futures are down 9.75 points to 2,727.75.
Markets are absorbing data from several fronts Tuesday.
Ford exceeded Wall Street expectations for the fourth quarter, ending the year with a profit of $1.6 billion for the October-December period.
The Standard & Poor’s/Case-Shiller national home price index will be released before the market open, followed by a report on January consumer confidence.
Investors will also be looking for hints from the U.S. Federal Reserve, which opens a two-day policy meeting.
The price of oil was steady above $96 a barrel on Tuesday, supported by expanding manufacturing output in the world’s two largest economies and ahead of the release this week of several key U.S. economic indicators.
By early afternoon in Europe, benchmark oil for March delivery was up 5 cents to $96.50 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 56 cents to finish at $96.44 a barrel on the Nymex on Monday.
Brent crude, used to price international varieties of oil, was down 12 cents to $113.36 a barrel on the ICE Futures exchange in London.
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The AP contributed to this report. Featured image courtesy the AP.
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