Here are 10 things you should know for Tuesday, Feb. 4:
1.-- U.S. stock futures were pointing to a slightly higher open Tuesday after global markets slumped the prior day, ahead of Federal Reserve speakers and factory data.
2.-- The economic calendar in the U.S. Tuesday includes factory orders for December at 10 a.m. EST.
3.-- U.S. stocks on Monday tumbled, the worst intraday performance since June 20, 2013, as a gauge of domestic manufacturing slumped and manufacturing in China weakened.
The S&P 500 plummeted 2.28% to 1,741.89, declining more than 5% from its Jan. 15 record of 1,848.38. The Dow Jones Industrial Average slumped 2.08% to 15,372.80. The Nasdaq shed 2.61% to 3,996.96. Last week, the S&P 500 rounded out its biggest January loss since 2010.
4.-- Walt Disney's (DIS) interactive-media unit is preparing to lay off several hundred people despite a strong launch for its videogame "Infinity," according to people close to the company, The Wall Street Journal reported.
The cuts at Disney Interactive, which has undergone multiple rounds of layoffs in recent years as it struggled to reach profitability, are expected to begin after the media giant releases its quarterly financial results Wednesday, the people said. Disney Interactive has about 3,000 employees.
Disney shares rose 1.2% to $70.84 in premarket trading on Tuesday.
5.-- Apple (AAPL) is stitching together a network of Internet infrastructure capable of delivering large amounts of content to customers, giving the company more control over the distribution of its online offerings while laying the groundwork for more traffic if it decides to move deeper into television, the Journal reported.