NEW YORK (CNNMoney)
The Dow Jones Industrial Average, the S&P 500, and the Nasdaq traded on either side of the breakeven line.
Overall, fourth-quarter earnings for S&P 500 companies are expected to rise 3.3% from the fourth quarter of 2011, according to S&P Capital IQ.
Ahead of the opening bell, agriculture firm Monsanto (MON, Fortune 500) reported earnings that blew past estimates and raised its guidance for the year. Aluminum maker Alcoa (AA, Fortune 500) will be the first Dow component to report results for the fourth quarter after Tuesday's close.
On the economic front, investors will get look at metro area unemployment in November shortly after the open, following last week's national employment report for December. The Federal Reserve is set to release data on consumer credit for November at 3 p.m. ET.
Related: Why Bill Ackman is targeting Herbalife
In other corporate news, shares of Yum Brands (YUM, Fortune 500) sank nearly 4%, after the restaurant operator said its fourth-quarter sales in China would be weaker than expected due to a controversy over food safety standards.
Virgin Atlantic has picked an American Airlines executive as its new CEO, as it looks toward a partnership with Delta (DAL, Fortune 500) to boost trans-Atlantic business. Craig Kreeger, a senior vice president at American Airlines, will succeed Virgin chief executive Steve Ridgway when he retires next month after a 23-year career with Sir Richard Branson's airline.
Netflix (NFLX) customers will have a few new options this year, thanks to a content deal inked with Time Warner. Users will be able to stream complete seasons of several series produced by Warner Bros., according to a statement issued by Time Warner on Monday.
Shares of Sears Holdings Corp (SHLD, Fortune 500) dropped more than 2% after the retailer announced that Chief Executive Louis D'Ambrosio is stepping down from the top job for family health reasons. Hedge fund manager and Sears chairman Edward Lampert, who's been trying to orchestrate a turnaround for the trouble retailer, will become the new CEO next month.
U.S. stocks ended lower Monday..
Fear & Greed Index
European markets were mixed in afternoon trading, despite a report showing the unemployment rate topping a record high in the eurozone.
Asian markets ended lower. The Hang Seng and the Nikkei lost 0.9%, while the Shanghai Composite declined 0.4%.
In the bond market, the yield on the 10-year U.S. Treasury note slid to 1.88%. The yield rose near 2% last week as investors pulled money out of safer investments and moved into more risky assets.
Oil and gold prices edged higher. The U.S. dollar moved higher versus the euro and British pound, but fell against the Japanese yen. 
First Published: January 8, 2013: 9:45 AM ET
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