Here are 10 things you should know for Tuesday, Jan. 21:
1.-- U.S. stock futures were rising Tuesday ahead of a session heavy with corporate earnings reports and after China's central bank said it would pump extra liquidity in the financial system.
The Shanghai Composite Index rose 0.9% to close at 2,008.31. Tokyo's Nikkei 225 rose 1% to finish Tuesday's session at 15,795.96.
European stocks were rising in early trading.
2.-- The economic calendar in the U.S. Tuesday is bare.
3.-- U.S. stocks on Friday closed mixed, weighed down by a round of quarterly reports that came in shy of expectations.
The S&P 500 fell 0.39% to close at 1,838.70 while the Dow Jones Industrial Average rose 0.25% to 16,458.56. The Nasdaq lost 0.5% on Friday to close at 4,197.58. The S&P 500 dipped 0.2% for the week, while the Dow and Nasdaq climbed 0.13% and 0.55%, respectively.
Markets in the U.S. were closed Monday for the Market Luther King Jr. holiday.
4.-- China's Lenovo is in talks to buy IBM's
low-end server business , The Wall Street Journal reported, citing a person familiar with the matter.
The talks revive negotiations that fell apart last year over valuation, according to the Journal.
Lenovo said in a statement to the Hong Kong Stock Exchange Tuesday that it was in preliminary talks about a potential acquisition, without saying whether the talks involved the server business.
For Lenovo, which is a minor player in servers, a deal with IBM would create a new source of growth amid weak global demand for desktop and laptop PCs, the Journal noted.
5.-- IBM is forecast by Wall Street to report after Tuesday's closing bell fourth-quarter earnings of $5.99 a share on revenue of $28.25 billion.
IBM said last week it plans to invest more than $1.2 billion to expand its cloud services operations .
6.-- Telecommunications giant Verizon
is expected to report fourth-quarter earnings of 65 cents a share on revenue of $31.02 billion.
Verizon earned 77 cents a share in the third quarter and 45 cents a share in the year-earlier fourth quarter.
Investors will be focused on Verizon's growth in its wireless subscriber base.
7.-- Johnson & Johnson
, the consumer goods and pharmaceuticals maker, is expected by Wall Street on Tuesday to post earnings of $1.20 a share in the fourth quarter on revenue of $17.95 billion. Revenue a year-earlier was $17.56 billion.
8.-- Delta Air Lines
is forecast to report fourth-quarter earnings of 63 cents a share on revenue of $9.04 billion.
9.-- A South Texas police chief said two Mexican citizens who were arrested at the border used account information stolen during the Target
security breach to buy tens of thousands of dollars' worth of merchandise. But a federal official said later there currently was no connection between the arrests and the retailer's credit card data theft , The Associated Press reported.