Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Tricky Tuesday
1. Tricky Tuesday
U.S. stock futures are weak as a global sell-off continues. Negative sentiment has taken hold as concerns rise about the falling price of oil. Crude oil futures have fallen by about 10% since reaching nearly $33 per barrel on Monday morning.
Chinese stocks are looking especially weak: the main Shanghai Composite index dropped by 6.4% and the Shenzhen index plunged 7.1%.
European markets are all slipping by about 1% in early trading.
2. Earnings
2. Earnings
Many U.S. companies are releasing quarterly earnings this morning.
Johnson & Johnson (JNJ), Procter & Gamble (PG), Lockheed Martin (LMT), Sprint (S), 3M (MMM) and Coach (COH) are among the firms due to report before the bell.
After the close, Wall Street will hear from Apple (AAPL, Tech30), AT&T (T, Tech30) and Capital One (COF).
3. Economics
3. Economics
There are some important economic reports coming out Tuesday.
The Case-Shiller home price index will come out at 9 a.m. ET, giving investors insight into the current state of the U.S. housing market.
Then the U.S. Conference Board will issue its January Consumer Confidence Index at 10 a.m.
4. Monday market recap
4. Monday market recap
It seems like Wall Street woke up on the wrong side of the bed on Monday. The Dow Jones industrial average dropped 1.3% and the S&P 500 and Nasdaq shed 1.6%.
