Futures were mostly flat as investors read into inflation and housing data.
New housing starts in October unexpectedly fell, weighed down by a sharp decline in construction activity for both single-family and multi-family dwellings. The Commerce Department said housing starts dropped 10.6% to a seasonally adjusted 529,000 units, while economists were expecting starts to rise to 600,000 units.
In a separate report, the cost of living in the U.S. rose more than expected in October. The Consumer Price Index rose 0.3%, following a 0.2% rise in September. Excluding food and energy costs, the core index rose 0.2% for a second month. At 10:30 am, the Energy Department will be out with its usual Wednesday release of oil inventory numbers.
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