Andrew Burton | Getty ImagesStock futures fell Tuesday morning, reversing directions after the Bank of Japan announced to widen its yield target range. Futures tied to the Dow Jones Industrial Average lost 236 points, or 0.72%. S&P 500 futures and Nasdaq 100 futures fell 0.86% and 1.05%, respectively. During regular trading on Monday, the Dow shed more than 162 points, or about 0.5%. The S&P 500 fell 0.9%, and the Nasdaq Composite lost nearly 1.5%. Stocks are on track to end the month and the year in the red, and investors’ hopes for a Santa Claus rally are fading fast. “There’s still no Santa sighting. Buckle up,” said Louis Navellier, founder of growth investing firm Navellier & Associates. “One would like to think all the bad news is in. There are no more Fed moves until February at the earliest. We’re not gapping down but certainly not clawing back last week’s losses.”Fears that the Federal Reserve could tip the economy into a recession plagued investors. Last week, the central bank raised its benchmark interest rate by 50 basis points and policy makers indicated the terminal rate could rise as high as 5.1%. Other central banks in hawkish mode put further pressure on traders, with the European Central Bank raising rates and its outlook for further hikes last week.”Over 90% of central banks have hiked interest rates this year, making the (mostly) global coordinated effort unprecedented” said Lawrence Gillum, fixed income strategist at LPL Financial. “The good news? We think we’re close to the end of these rate hiking cycles, which could lessen the headwind we’ve seen on global financial markets this year.” A handful of big companies will report their results quarterly this week ahead. of the Christmas holiday. General Mills will report before the bell Tuesday. Nike and FedEx are set to report after the bell. In economic data, housing starts data for November are due Tuesday morning. This week promises lots of insight into the housing industry. Sales data for existing homes and new homes will be released Wednesday and Friday, respectively. November’s personal consumption expenditures report, a preferred measure of inflation for the Fed, is due on Friday.