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Here are five things you must know for Friday, Feb. 9:

1. -- Dow Futures Turn Lower

U.S. stock futures fell, paring earlier gains on Friday, Feb. 9, a day after the Dow Jones Industrial Average entered correction territory as investors continued to navigate extreme market volatility amid rising government bond yields and bets on faster inflation.

Contracts tied to the Dow fell 160 points, while those linked to the S&P 500 declined 12 points. Nasdaq futures fell 5 points.

Stocks finished sharply lower on Thursday, Feb. 8, with the Dow plunging 1,033 points, or 4.15%, to 23,860. The S&P 500 declined 3.75% on Thursday, and the Nasdaq slid 3.9%.

The Dow fell below 24,000 for the first time since November 2016.

The Cboe's Volatility index, otherwise knows as the "fear gauge," jumped more than 20% on Thursday but was down less than 1% on Friday to 33.17.

Benchmark 10-year U.S. Treasury yields, whose rise was the trigger for the global equity market selloff that began a week ago, were at 2.822% after hitting as high at 2.884% on Thursday. The yield's four-year high is 2.885%.  

"When the market declines sharply, everyone naturally wonders what's wrong? Nothing is wrong economically," said Greg McBride,'s chief financial analyst. "The economy is doing better now than it has any time in the past decade. This is just some healthy, and overdue, volatility to wring out any excess." 

The economic calendar in the U.S. on Friday includes Wholesale Trade for December at 10 a.m. ET, and the weekly Baker-Hughes Rig Count at 1 p.m. 

Cboe Global Markets Inc. (CBOE) - Get Cboe Global Markets Inc Report  posted fourth-quarter adjusted earnings of 87 cents a share, 1 cent below forecasts.

Moody's Corp. (MCO) - Get Moody's Corporation Report  earned an adjusted $1.51 a share in the fourth quarter. Analysts expected profit of $1.45 a share.

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2. -- House Passes Budget Bill, Re-Opens Government

U.S. lawmakers avoided a government shutdown on Friday after the House backed a Senate-approved plan that funds the government for a further two years with a $300 billion spending boost that would swell the federal deficit. 

The House of Representatives voted 240-186 to approve the plan which suspends the debt ceiling but creates by some measures the biggest deficit in a full-employment economy since WWII.  War. The nonpartisan Committee for a Responsible Federal Budget has said the bill, along with last year's Republican-led tax reform, will add $1.4 trillion to the federal deficit over the next 10 years and some congressional lawmakers, not to mention global investors, have been worried that Donald Trump's broader economic plans are adding too much fiscal support to a near-overheated economy.

Trump is expected to sign the bill later Friday.  

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3. -- Nvidia Posts 'Lights-Out' Quarter 

Shares of chipmaker Nvidia Corp. (NVDA) - Get NVIDIA Corporation Report  jumped 8.6% in premarket trading on Friday after the company posted fourth-quarter earnings and revenue topped Wall Street forecasts. 

Adjusted profit was $1.72 a share, beating analysts' estimates of $1.17. Revenue of $2.91 billion topped estimates of $2.68 billion.

The company also said it expects revenue in its fiscal first quarter of $2.84 billion to $2.96 billion, well above a $2.46 billion consensus. 

"Overall, it was a lights-out quarter for the company," said Jim Cramer and the Action Alerts Plus team, which holds NVDA in the Action Alerts PLUS Charitable Trust Portfolio. "Nvidia is at the center of gaming, the cloud, and autonomous driving, which all are trends with plenty of runway to grow."

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4. -- Qualcomm Proposes Meeting With Broadcom

Qualcomm Inc.'s (QCOM) - Get Qualcomm Inc Report board late Thursday rejected Broadcom Ltd.'s (AVGO) - Get Broadcom Inc. Report  "best and final" acquisition offer of $82 a share, valuing Qualcom at $146.4 billion, a price tag Qualcomm's board said didn't  properly value the chipmaker. 

"The board has unanimously determined that your amended offer materially undervalues Qualcomm and falls well short of the firm regulatory commitment the board would demand given the significant downside risk of a failed transaction," Qualcomm said in a statement. 

Qualcomm, however, did offer up a glimmer of hope for the hostile bidder, noting that it was willing to meet with Broadcom to see if it can address "serious deficiencies in value and certainty." In its statement, Qualcomm said its board was "committed to exploring all options for maximizing shareholder value," and would be open to meeting with Broadcom to allow it to explain how it would bridge "gaps in both value and deal certainty," which include "significant regulatory hurdles."

Qualcomm shares were up 0.5% in premarket trading Friday to $62.75. Broadcom rose 0.4%.

Broadcom is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells the stock? Learn more now.

5. -- Activision Blizzard Has Big Holiday Quarter

Activision Blizzard Inc. (ATVI) - Get Activision Blizzard, Inc. Report  was down 0.5% in premarket trading after fourth-quarter adjusted earnings from the video game maker beat analysts' forecasts. The stock had traded slightly higher for most of the premarket session.

After accounting for revenue deferrals, Activision reported adjusted earnings of 94 cents a share, 1 cent above estimates, and revenue of $2.64 billion vs. estimates of $2.55 billion.

The fourth quarter is Activision's biggest quarter, and the company saw brisk sales for Call of Duty: WWII and Destiny 2. Activision noted that WWII was the top-grossing console game globally in 2017, and Destiny 2 the second-highest grossing console game in North America.

Activision said it expects first-quarter adjusted earnings of 65 cents a share on revenue of $1.82 billion.

"All in, Activision delivered another strong quarter. We believe our thesis regarding growing in-game purchases and the shift to digital remains intact and continue to believe that Activision has a number of growth levers left to pull, including eSports, thanks to the successful launch of the Overwatch League (which we believe will aid in further pushing videogames mainstream) and the ability to port Blizzard content to mobile," said Cramer and the AAP team, which holds ATVI in the Action Alerts PLUS Charitable Trust Portfolio.

This article has been updated with fresh stock prices and earnings results.