Here are 10 things you should know for Tuesday, Dec. 17:
1.-- U.S. stock futures were pointing to a mixed start for Wall Street on Tuesday, the day the Federal Reserve begins a two-day meeting to discuss when or if the central bank will taper the stimulus programs that have helped boost the U.S. economy.
European stocks were trading lower. Asian shares finished the session mixed. Japan's Nikkei 225 index rose 0.8% to 15,278.63.
2.-- The economic calendar in the U.S. Tuesday includes the Consumer Price Index for November at 8:30 a.m. EST, and the NAHB Housing Market Index for December at 10 a.m.
3.-- U.S. stocks on Monday rose on positive economic data. Investors spent the trading day speculating on whether the Fed could reduce the size of its bond-buying stimulus program on signs that the economy is improving.
The S&P 500 rose 0.63% to close at 1,786.54 while the Dow Jones Industrial Average gained 0.82% to close at 15,884.57. The Nasdaq closed up 0.71% at 4,029.52.
4.-- Aerospace giant Boeing (BA) said Monday it would increase its stock buyback program by $10 billion and boost its quarterly dividend by about 50% to 73 cents a share from 48.5 cents.
Chairman and CEO Jim McNerney said the moves reflect Boeing's operational performance, increasing cash flow and confidence in the future.
The increase in the buyback program is in addition to the $800 million remaining in Boeing's current plan. purchase program. Boeing will resume buying back its own stock in January and it expects repurchases to be made over the next two to three years.