NEW YORK (CNNMoney)
U.S. retail sales rose 0.5% in December, led by an improvement in auto sales. The numbers beat expectations but not by enough to push investors into the stock market.
The Dow Jones Industrial Average, the S&P 500, and the Nasdaq all dipped between 0.3% and 0.6%.
Producer prices for December came in lower than expected, falling 0.2%. And the index measuring manufacturing activity in New York state came in negative for the sixth straight month in January, according to the New York Federal Reserve Bank.
Later in the morning, the Census Bureau will release data on business inventories for November.
For the most part, investors remain unwilling to place any big bets until they get more clarity about Corporate America's balance sheets.
Fear & Greed Index
Homebuilder Lennar (LEN) reported earnings that beat expectations, although shares fell 0.5%.
Goldman Sachs (GS, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) will report results Wednesday, while Intel (INTC, Fortune 500), Bank of America (BAC, Fortune 500) and General Electric (GE, Fortune 500)are due later in the week.
Overall, S&P 500 companies are expected to report earnings growth of 2.4% for the last three months of 2012, according to FactSet Research. Excluding the financial sector, however, growth for these firms is expected to be just 0.2%.
Dell (DELL, Fortune 500) shares rose 2%, extending the previous day's rally that was sparked by reports of the PC maker considering a buyout.
Related: Dell buoyed by buyout talk
Shares of Facebook (FB) edged higher in anticipation of its mystery announcement, scheduled to take place at 1 p.m. ET at the company's headquarters in Menlo Park, Calif.
U.S. stocks finished little changed Monday.
Overseas, European markets were mixed in morning trading, with the DAX slightly weaker. Germany's economy grew by just 0.7% in 2012, down from 3% the previous year, the government said Tuesday.
Asian markets also ended mixed. Japan's Nikkei advanced 0.7% after being closed Monday for a holiday. The Shanghai Composite added 0.6%, while the Hang Seng declined 0.1%.
The dollar gained ground against the euro and British pound but fell against the Japanese yen
Oil prices and gold prices rose slightly.
The price on the 10-year Treasury note rose slightly, pushing the yield down to 1.87% from 1.88% late Friday. 
First Published: January 15, 2013: 9:54 AM ET
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