1. Dow futures fall about 130 points to start off the week
Traders work on the floor of the New York Stock Exchange, January 27, 2020.
Spencer Platt
U.S. stocks were set to start off the shortened trading week on a sour note. Dow Jones Industrial Average futures traded about 130 points lower. S&P 500 and Nasdaq 100 futures indicated declines of at least 0.5% at the open. A decline would mark a three-day losing streak for the Dow. In the past month, investors have been weighing the possibility of slower global economic activity due to the coronavirus outbreak. On Monday, tech giant Apple warned it will take a hit because of disease.
2. Apple warns coronavirus will keep it from meeting revenue forecast
Apple CEO Tim Cook
Spencer Platt | Getty Images
3. Walmart earnings miss amid holiday season weakness
A shopper pushes 2 carts full of Morf Boards, a popular kids toy, through a Walmart in Phoenix, Arizona.
Dominic Valente | The Washington Post | Getty Images
Walmart shares rose about 1% in the premarket despite weaker-than-expected quarterly results. The retail giant reported an adjusted profit of $1.38 per share on revenue of $141.67 billion. Analysts polled by Refinitiv expected earnings per share of $1.43 on revenue of $142.49 billion. Same-store sales — a key metric for retailers — was also softer than expected. The company said weak demand for toys, apparel and video games during the holidays weighed on its results.
4. Moody's cuts China growth outlook
Chinese police officers wearing masks stand in front of the Tiananmen Gate on January 26, 2020 in Beijing, China.
Betsy Joles | Getty Images
Credit-ratings agency Moody's slashed its 2020 GDP growth outlook on China to 5.2% from 5.8% as the coronavirus continues to spread. Moody's said its new forecast reflects a "severe but short-lived economic impact, with knock-on effects for economies across the region."
5. Bloomberg qualifies for Democratic debate after jump in poll numbers
Former New York Mayor and Democratic presidential candidate Michael Bloomberg speaks about his plan for clean energy during a campaign event at the Blackwall Hitch restaurant in Alexandria, Virginia on December 13, 2019.
Olivier Douliery | AFP | Getty Images
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February 18, 2020 at 08:06PM
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5 things to know before the stock market opens Tuesday - CNBC
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