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Futures were pointing to a lower open for the market Tuesday as traders appeared ready to take some profits amid the continuing record run for the

Dow Jones Industrial Average

.

S&P 500

futures were down 4 points at 1372.20 and were 3 points under fair value. Nasdaq 100 futures were dropping more than 8 points to 1732.75, 8 points below fair value.

On Monday, the Dow came up just short of crossing the 12,000 mark for the first time ever, but it still set another all-time closing high. The industrials rose 20.09 points, or 0.17%, to 11,980.60.

Of the 30 stocks on the index, 17 were higher, led by

Alcoa

(AA) - Get Alcoa Corp. Report

and

Exxon Mobil

(XOM) - Get Exxon Mobil Corporation Report

.

The S&P 500 added 3.43 points, or 0.25%, to 1369.05, and the

Nasdaq Composite

tacked on 6.55 points, or 0.28%, at 2363.84.

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Earnings season is just beginning, and before the opening bell a number of companies were already reporting.

A&P

(GAP)

, the supermarket chain, lost $511,000, or 1 cent a share, for the latest quarter, reversing the year-ago gain-influenced profit of $592 million, or $14.40 a share.

Sales fell to $1.57 billion from $1.6 billion a year earlier. Year-ago earnings reflect the sale of A&P's Canadian operations.

American Standard

(ASD)

met Wall Street's third-quarter targets but cut its full-year guidance, citing a slower-than-expected rebound in its bath and kitchen business.

Following the close, several big tech names will post their results, including

IBM

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,

Intel

(INTC) - Get Intel Corporation (INTC) Report

and

Yahoo!

(YHOO)

.

Not to be forgotten during earnings are the data on the economy, and before trading begins this morning, key numbers are on tap. Traders will get the producer price index for September, a measure of inflation at the wholesale level, along with a reading on industrial production and capacity utilization.

On Wednesday, the consumer price index will be out, as will housing starts and building permits.

To view Sandy Brown's video take on today's market, click here