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) 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) delivered strong quarterly numbers and CEO Marissa Mayer presided over her first conference call Monday but once again declined to provide guidance.
Facebook (FB) 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), 3M (MMM), and United Technologies (UTX) and transportation giant United Parcel Service (UPS). 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
>To contact the writer of this article, click here: Joseph Woelfel
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV