Feb. 4 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Tuesday, Feb. 4:
1.-- U.S. stock futures were pointing to a slightly higher open Tuesday after global markets slumped the prior day, ahead of Federal Reserve speakers and factory data.
2.-- The economic calendar in the U.S. Tuesday includes factory orders for December at 10 a.m. EST.
3.-- U.S. stocks on Monday tumbled, the worst intraday performance since June 20, 2013, as a gauge of domestic manufacturing slumped and manufacturing in China weakened.
The S&P 500 plummeted 2.28% to 1,741.89, declining more than 5% from its Jan. 15 record of 1,848.38. The Dow Jones Industrial Average slumped 2.08% to 15,372.80. The Nasdaq shed 2.61% to 3,996.96. Last week, the S&P 500 rounded out its biggest January loss since 2010.
4.-- Walt Disney's
The cuts at Disney Interactive, which has undergone multiple rounds of layoffs in recent years as it struggled to reach profitability, are expected to begin after the media giant releases its quarterly financial results Wednesday, the people said. Disney Interactive has about 3,000 employees.
Disney shares rose 1.2% to $70.84 in premarket trading on Tuesday.
Apple's online delivery needs have grown in the last few years, driven by its iCloud service for storing users' data and rising sales of music, videos and games from iTunes and the App Store, the Journal noted. But the iPhone maker is reported to have broader ambitions for television that could involve expanding its Apple TV product or building its own television set.
In premarket trading, Apple was 0.8%.
The carmaker's profit for the October-December quarter totaled a better-than-expected 525.4 billion yen ($5.2 billion), up from 99.9 billion yen a year earlier. Quarterly sales jumped 24% to 6.585 trillion yen ($64.2 billion).
The world's top selling automaker for the last two years straight, Toyota raised its profit and sales forecasts for the fiscal year ending in March.
The stock fell 1.4% to $111.20 in premarket trading on Tuesday.
7.-- Sirius XM