Stocks seen opening lower
Investors look to readings on home prices and consumer confidence.
NEW YORK (CNNMoney.com) -- U.S. stocks were set for a lower start Tuesday as investors awaited readings on the housing market and consumer sentiment.
At 7:10 a.m. ET, S&P 500, Nasdaq-100 and Dow Jones industrial average futures were a tad lower.
Futures measure current index values against their perceived future performance and offer an indication of how markets may open when trading begins.
Neil Adams, a broker at MF Global in London, said the market "feels a little tired, around 98 especially," a reference to the Dow Jones industrial average closing at 9,789 on Monday. He also said that U.S. futures weren't getting much help from the "soft" trading in Europe.
"So whether we'll have a euphoric run for 10,000, I don't know," said Adams. "I think people are seeing that maybe stocks have run as long as they can until they see some concrete evidence that things are improving."
Economy: Economic reports due Tuesdau include the Case-Shiller housing price index before the opening bell. That's followed by the Conference Board's latest reading on consumer confidence at 10 a.m. ET
World markets: Asian stocks finished the session in positive territory but the mood turned glum in Europe, where most shares edged lower in morning trading.