The Market On Tuesday

Good morning. It is snowing and very cold here in Upstate NY. We have roughly four inches of snow from this storm so far. There is a fear of icing to follow. It could get messy out there. I hope car travelers will give themselves lots of space between cars. Tailgating is a huge no no today.

At 8:25 a.m. it appears that futures are in flux due to the very recent announcement that Citigroup has posted a lackluster fourth quarter report. The dollar is down across the board, and oil is down.

The talk is about Steve Jobs taking another medical leave from Apple. The "i" industry is the darling of high tech. As concerns about Jobs health return, tech stocks are in for it in the short term.

Citigroup posts fourth-quarter profit of $1.3 billion, lower than analysts' forecasts.

CNN: Apple's stock poised for 5% drop

CNN: Tech stocks set for Apple bruising

Jobs' leave of absence comes two years after the Apple CEO took a six-month sabbatical, during which he received a liver transplant.


After the opening bell, The NAHB's Housing Market Index will be released.


A stronger-than-expected report on GDP from Germany gave the euro a boost in early trading and helped lift European markets, said Winmill.


Oil for February delivery edged down 21 cents to $91.33 a barrel.