Stocks steady ahead of Fed meeting

October 29, 2013: 7:56 AM ET
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NEW YORK (CNNMoney)

U.S. stock futures were little changed Tuesday as the Federal Reserve began its two-day meeting and investors waited for the latest economic data to roll in.

The U.S. Census Bureau will release its monthly report on retail sales at 8:30 a.m. ET, while the Bureau of Labor Statistics will publish the latest edition of its producer price index. Retail sales are expected to have dipped 0.1% in September, according to a consensus of economist forecasts compiled by Briefing.com, and the PPI is expected to have risen 0.2%.

At 9 a.m. ET, the Case-Shiller/S&P 20-city home price index will be released, and at 10 a.m. ET, the Conference Board releases its Consumer Confidence Index.

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Earnings still rolling in: Pfizer (PFE) reported a decline in revenue and profit for the third quarter, but a 24% revenue surge in its cancer division. The drugmaker also lowered the top end of its guidance.

Nokia (NOK) reported quarterly flat sales and profit. But sales for smartphones jumped, pulling shares higher in premarket trading. Baidu (BIDU) and LinkedIn (LNKD) are up after the bell.

Apple (AAPL) shares nudged higher a day after the tech giatn reported quarterly sales and profit that handily beat Wall Street estimates. But its profit margin fell for the seventh straight quarter.

U.S. stocks finished mixed Monday, with the S&P 500 inching up two points to close at an all-time high.

European markets were higher Tuesday, while Asian markets ended mixed. Japan's Nikkei fell 0.5% at close after the government announced unemployment and consumer spending data.

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Bank of America Corp... 15.34 -0.16 -1.03%
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