1. Apple sales shine

Shares in Apple are rising by about 3% premarket after the company reported sales hit $78.4 billion in the latest quarter, which is a new record high.

Apple CEO Tim Cook credited the surge in part to "especially strong demand for iPhone 7 Plus," the larger and pricier iPhone model.

The latest iPhone was thought to get a boost in recent months from the massive recall of Samsung's Galaxy Note 7 over an exploding battery issue.

2. Global market overview

Sentiment turns positive as both the Dow Jones industrial average and S&P 500 look like they're on track to break a multi-day losing streak.

U.S. stock futures are pointing up. And most global stock markets are also rising. Many key indexes in Europe are up by about 1%.

The dollar is also pushing higher today, easing back from multi-week lows after comments by the Trump administration indicated they may try to devalue to Dollar.

3. Fed in focus

Will the U.S. Federal Reserve hold steady on interest rates?

The Fed will announce a new interest rate decision at 19:00 GMT - its first of the Trump era. The central bank last hiked rates in December.

Investors expect the central bank to hold its fire this time. The Fed doesn't have a press conference scheduled.

Some attention has shifted recently from the Fed's monetary policy to the government's fiscal policy: President Trump's tax cuts, infrastructure program and trade policy have become a central focus for markets.

4. Watching Facebook

Mark Zuckerberg's social networking firm Facebook is now one of America's biggest companies - and Wall Street is hungry for new details about the business's performance.

The firm is reporting quarterly results after the closing bell.

Earnings are also on tap after the closing bell from MetLife and Ameriprise.

It's also worth watching automakers on Wednesday, as they'll be reporting new monthly sales data throughout the day.

Figures from sales tracker Autodata showed the number of cars and trucks sold in the U.S. in 2016 hit a record high for the seventh year in a row.

Also coming later week:

Thursday – Amazon and Chipotle earnings

Friday - U.S. NFP jobs report for January