NEW YORK (AP) — Futures are down in light trading ahead of President Barack Obama's State of the Union address, where the economy will take center stage.

Dow Jones industrial futures are down 4 points to 13,920. The broader S&P futures have lost 1.1 points to hit 1,512. Nasdaq futures are down 4.25 points to 2,766.25.

The unemployment rate ticked up a tenth of a point to 7.9 percent last month and though job growth continues, Obama is expected to introduce new job proposals in an attempt to accelerate the economic recovery.

On Tuesday, Coca-Cola said that profit rose 13 percent and global sales volume rose 3 percent, outpacing its flagship U.S. market, which rose 1 percent.

Many investors are awaiting the release of January retail sales numbers, which are due on Wednesday.