Stocks in holding pattern after gains

NEW YORK (CNNMoney)

U.S. stock futures were tiptoeing higher, with the S&P index up barely 0.1%.

After this year's strong gains, the next big catalyst for investors is likely to be the Federal Reserve meeting later this month, when it will decide whether to continue pumping money into the economy at its current rate of $85 billion a month.

The Census Bureau will release its monthly report on wholesale inventories at 10:00 a.m. ET Tuesday. Gun maker Smith & Wesson (SWHC) is scheduled to release quarterly results after the closing bell.

Related: Fear & Greed Index

U.S. stocks finished slightly higher Monday.

General Motors (GM, Fortune 500) shares rose in after-hours trading. The U.S. government revealed Monday afternoon that it had sold the last of its stake in the automaker.

European markets were little changed in morning trading, with Germany's DAX edging higher. Asian markets ended the day narrowly weaker.

First Published: December 10, 2013: 5:10 AM ET

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