NEW YORK ( TheStreet) -- U.S. stock futures were pointing lower Tuesday as the Federal Reserve begins a two-day meeting and as U.S. corporate earnings fail to excite investors.
European stocks were falling while Asian shares ended Tuesday's trading session mixed. Japan's Nikkei 225 index gained 0.04%.
The economic calendar in the U.S. Tuesday includes the first day of the two-day Federal Open Market Committee meeting, and the Redbook retail sales report at 8:55 a.m. EDT.
U.S. stocks on Monday staged a late rally to finish in positive territory, starting the new week with a bounce after another round of mixed quarterly results.
President Obama and GOP challenger Mitt Romney squared off Monday in the third and final presidential debate, a debate focused on foreign policy. Obama said the U.S. was the "one indispensable nation" in the world and is stronger now than when he took office, while Romney said the U.S. has a responsibility to promote peace throughout the world but that domestic issues like a sluggish economy had weakened U.S. leadership.
Apple (AAPL - Get Report) holds a media event Tuesday at which it's expected to launch the iPad Mini. TheStreet will be live-blogging the proceedings from San Jose, Calif.
Yahoo! (YHOO - Get Report) delivered strong quarterly numbers and CEO Marissa Mayer presided over her first conference call Monday but once again declined to provide guidance.
Facebook (FB - Get Report) will issue its third-quarter earnings after the closing bell Tuesday and analysts expect the social networking giant to post earnings of 11 cents a share in the September-ended quarter on revenue of $1.23 billion.
The earnings calendar Tuesday also includes Dow components DuPont (DD - Get Report), 3M (MMM), and United Technologies (UTX) and transportation giant United Parcel Service (UPS - Get Report). The docket Tuesday morning also includes Airgas (ARG), AK Steel (AKS), ARM Holdings (ARMH), Celanese (CE), Coach (COH), Harley-Davidson (HOG), Illinois Tool Works (ITW), Lexmark (LXK), Regions Financial (RF), Ryder System (R), Sonic Automotive (SONC), Waters Corp. (WAT), Whirlpool (WHR), and Xerox (XRX). After Tuesday's closing bell, reports are expected from AFLAC (AFL), Altera (ALTR), Amgen (AMGN), Annie's (BNNY), Broadcom (BRCM), Buffalo Wild Wings (BWLD), Celestica (CLS), Compuware (CPWR), Gilead Sciences (GILD), HanesBrands (HBI), iRobot (IRBT), Juniper Networks (JNPR), Netflix (NFLX), Norfolk Southern (NSC), Panera Bread (PNRA), RF Micro Devices (RFMD), Tempur-Pedic International (TPX), Unisys (UIS), and VMWare (VMW).
-- Written by Joseph Woelfel
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