U.S. stock futures were slightly lower in the early going. After their recent four-week winning streak, stocks, which are hovering around 5-year highs, may be due for a pullback.
Ahead of the bell, Ford (Fortune 500) posted higher , fourth-quarter income and sales, boosted by strong results in North America. But worse-than-expected weakness from Europe weighed on Ford's shares, which slid in premarket trading.
Shares of drugmaker Pfizer (Fortune 500) inched higher on better-than-expected quarterly results. Rival , Eli Lilly and Co (Fortune 500) reported fourth-quarter earnings and sales that also topped expectations. ,
Glass maker Corning' (Fortune 500) stock jumped after the company delivered earnings and sales ahead of forecasts. ,
Shares of data storage equipment maker EMC (Fortune 500) plunged after the company's earnings outlook fell short of estimates. ,
Amazon.com (Fortune 500) results are due after the closing bell. ,
On the economic front, the Case-Shiller 20-city home price index will be released at 9 a.m. ET, followed by data from the Conference Board's monthly Consumer Confidence Index at 10 a.m. ET.
Tuesday also marks the start of the Federal Reserve's first monetary policy meeting of the year. At the conclusion of the two-day meeting Wednesday afternoon, investors will look for clues from the central bank's statement for when the bond buying program could end.
U.S. stocks finished mostly flat Monday.
European markets were mostly lower in afternoon trading. Asian markets ended mixed, as Hong Kong's Hang Seng edged lower while the Shanghai Composite and Japan's Nikkei both posted gains of about 0.3%.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.01%||4.04%|
|15 yr fixed||3.11%||3.18%|
|30 yr refi||4.00%||4.03%|
|15 yr refi||3.11%||3.16%|
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