NEW YORK (TheStreet) -- U.S. stock futures were pointing to modest losses for Wall Street Tuesday ahead of a number of U.S. economic releases, including consumer confidence.
European stocks were trading mixed, while in Asia Japan's Nikkei 225 index rose 0.4% but Hong Kong's Hang Seng slipped less than 0.1%.
The economic calendar in the U.S. Tuesday includes the S&P Case/Shiller Home Price Index for November at 9 a.m. EST, and the Conference Board's January consumer confidence index at 10 a.m.The Federal Reserve Open Market Committee begins its two-day meeting on Tuesday.
U.S. stocks ended Monday's trading session mixed. The Dow Jones Industrial Average fell 14 points, or 0.1%, to 13,882, ending a streak of six consecutive positive sessions. The tech-heavy Nasdaq advanced slightly, finishing with a gain of 0.15%.
Yahoo! (YHOO) reported a fourth-quarter revenue increase of 4% from a year earlier and adjusted profit exceeded analysts' expectations. In the fourth quarter, search revenue excluding traffic acquisition costs came in 14% higher at $427 million. For the full year, search revenue ex-TAC was $1.61 billion, up 9% from last year. For the first quarter, Yahoo! expects to generate between $1.07 billion and $1.1 billion in revenue. For the full year, Yahoo! expects sales of between $4.5 billion and $4.6 billion.
Amazon.com (AMZN) is expected by analysts Tuesday to post fourth-quarter earnings of 27 cents a share on revenue of $22.26 billion. The world's largest online retailer posted year-earlier earnings of $177 million, or 38 cents a share, on revenue of $17.43 billion.
Ford (F), the second-largest U.S. automaker, is expected by analysts Tuesday to report fourth-quarter earnings of 26 cents a share on revenue of $32.96 billion.
Drugmaker Pfizer (PFE) is expected by Wall Street Tuesday to report earnings of 44 cents a share in the fourth quarter on revenue of $14.4 billion. Eli Lilly (LLY) is expected to post quarterly earnings of 78 cents a share on revenue of $5.81 billion.
VMware (VMW) topped analysts' fourth-quarter revenue and earnings estimates but issued weaker-than-expected guidance. It also disclosed it would cut 900 jobs in a filing with the Securities and Exchange Commission.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
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 + 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