Stocks signal higher open after sell-off (AP)

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on monetary policy. The data on the economy follow another sharp drop in the market Monday that left the Dow Jones industrial average and the Standard & Poor's 500 index near 12-year lows.

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Wall Street is awaiting a preliminary report on consumer sentiment for February that is expected to show Americans are growing more pessimistic amid rising layoffs, falling home prices and hard-hit retirement accounts. The Conference Board 's Consumer Confidence index is expected to come in at 35.5 for February, down from 37.7 in January, according to economists surveyed by Thomson Reuters.

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