Futures take a rest after extended run to 1,500

AP News
Posted: Jan 29, 2013 7:27 AM
Futures take a rest after extended run to 1,500

NEW YORK (AP) — Stock futures are heading lower after the Standard & Poor's 500 index ended an eight-day positive streak, the longest in eight years.

Dow Jones industrial futures are down 29 points to 13,803. The broader S&P futures have given up 5.8 points to 1,491.30. Nasdaq futures are down 9.75 points to 2,727.75.

Markets are absorbing data from several fronts Tuesday.

Ford blew by Wall Street expectations for the fourth quarter, ending the year with a profit of $1.6 billion for the October-December period.

The Standard & Poor's/Case-Shiller national home price index will be released before the market open, followed by a report on January consumer confidence.

Investors will also be looking for hints from the U.S. Federal Reserve, which opens a two-day policy meeting.