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US stocks flat ahead of confidence data

AFP

US stocks treaded in place Tuesday ahead of a key consumer confidence report, despite a series of better-than-expected company earnings.

In the first five minutes of trade, the Dow Jones Industrial Average was up 10.75 points (0.08 percent) at 13,892.68.

The S&P 500, a broad measure of the markets, edged up 0.22 point (0.01 percent) to 1,500.40.

The tech-rich Nasdaq Composite Index fell 7.94 (0.25 percent) to 3,146.36.

"Investors are cautious ahead of several economic reports and as the Federal Reserve kicks off its two-day policy meeting," Wells Fargo Advisors said in a market note.

The Conference Board is scheduled to release its consumer confidence data for November at 1500 GMT.

Stocks closed mostly lower Monday after a string of rallies that left the indices at multi-year highs. The Dow dropped 0.10 percent and the S&P 500 fell 0.18 percent, while the Nasdaq gained 0.15 percent, lifted by Apple.