Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Feb. 12:
1. -- U.S. stock futures were pointing to losses on Wall Street Tuesday as European shares slipped and Japanese stocks soared on a weaker yen.
Japan's Nikkei 225 index rose 1.9% to close at 11,369.12. Most markets in Asia were closed for Lunar New Year holidays.
2. -- The economic calendar in the U.S. Tuesday includes monthly Treasury budget data for January at 2 p.m. EST.
3. -- U.S. stocks on Monday ended lower as investors took some profits following recent strong gains in the major indices.
The Dow Jones Industrial Average fell 22 points, or 0.16%, to 13,971.
The S&P 500 lost about 1 point to 1,517. The Nasdaq declined 2 points to 3,192.
4. -- President Obama will deliver his State of the Union speech Tuesday night with the economy stronger than it was when he took office in 2009.
The recovery may be slow, but companies have begun adding jobs at a moderate pace, home prices are rebounding, and car sales are picking up
5. -- North Korea conducted its third nuclear test at an underground site in the remote northeast Tuesday, making clear it was a warning to the United States.
President Obama, in a statement Tuesday, said the "danger posed by North Korea's threatening activities warrants further swift and credible action by the international community. The United States will also continue to take steps necessary to defend ourselves and our allies."
6. -- U.K. bank Barclays(BCS) said Tuesday it would cut at least 3,700 jobs in a major restructuring following a series of scandals.
7. -- Coca-Cola(KO) is expected by analysts Tuesday to post fourth-quarter earnings of 44 cents a share share on revenue of $11.54 billion.