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
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.
Boeing shares rose $1.78, or 1.8%, to $136.50 in after-hours trading on Monday.
is examining three scenarios for a potential deal with Time Warner Cable
, including a full takeover bid for the second-largest cable operator, people close to the situation told Reuters.
Comcast, the biggest cable provider, also is considering whether it could buy some selective Time Warner Cable markets or team up with another cable company besides Charter Communications
to bid for all of Time Warner Cable, the people told Reuters.
Comcast's potential entry in the bidding for Time Warner Cable could complicate months-long efforts by Charter and its largest shareholder, Liberty Media, to acquire Time Warner Cable, Reuters noted.
will begin selling video advertisements later this week, The Wall Street Journal reported, citing people familiar with the matter.
The ads will play automatically in users' news feeds. Facebook plans to make the announcement on Tuesday and the ads will begin on Thursday on users' feeds both on the Web and on smartphones, the people familiar with the matter told the Journal.
How long the ads will be is unknown, the Journal said. The newspaper previously reported Facebook planned to offer ads of up to 15 seconds on both smartphones and the Web.