TAKING A BREAK

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Stocks may take another breather Tuesday as investors wait for the next cue from earnings and economic data to extend a run that has pushed prices to 5-year highs.

U.S. stock futures were slightly lower in the early going.

Earnings remain in the spotlight, with results due before the opening bell from firms including Ford (F, Fortune 500), Pfizer (PFE, Fortune 500) and Philips Electronics (PHG). Amazon.com (AMZN, Fortune 500) is up after the bell.

Yahoo (YHOO, Fortune 500) shares rose almost 3% premarket trading after the company posted earnings that beat expectations late Tuesday.

On the economic front, the Case-Shiller 20-city home price index will be released at 9 a.m. ET, followed by data from the Conference Board’s monthly Consumer Confidence Index at 10 a.m. ET.

Tuesday also marks the start of the Federal Reserve’s first meeting of the year on monetary policy. At the conclusion of the meeting Wednesday afternoon, investors will look to the central bank’s statement for clues on when the bond buying program could end.

Related: Fear Greed Index hitting extreme greed

U.S. stocks finished mostly flat Monday.

European markets were in the red in morning trading. Asian markets ended mixed, as Hong Kong’s Hang Seng edged lower while the Shanghai Composite and Japan’s Nikkei both posted gains of about 0.3%.


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