Updated from 6:53 a.m. EST
NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Nov. 4:
1. -- U.S. stock futures were pointing lower on Tuesday and European shares declined after the European Commission cut eurozone growth forecasts and oil prices continued to fall.
Asian stocks ended the trading session mixed. Japan's Nikkei 225 rose 2.7% in its first trading day since Japan announced new measures Friday to boost faltering economic growth.
Oil fell $2.08 to $76.70 a barrel, following a move by Saudi Arabia to cut prices to the United States.
2. -- The economic calendar in the U.S. on Tuesday includes the trade balance for September at 8:30 a.m. EST, and factory orders for September at 10 a.m.
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3. -- U.S. stocks on Monday finished mixed Monday in a quiet session.
The Dow Jones Industrial Average fell 0.14% to close at 17,366.24. The S&P 500 slipped by 0.01% to close at 2,017.81. It had risen to an intraday record earlier in the trading day. The index is coming off its best two-week period since December 2011. Nasdaq rose 0.18% to finish at 4,638.91. The index has risen 11 of the past 13 sessions.
4. -- JPMorgan Chase (JPM) is under criminal investigation by the Department of Justice over the handing of its foreign exchange trading business, the bank disclosed Monday in a federal filing.
JPMorgan noted that the total range of "reasonably possible losses" for all of the litigation that if faces could reach about $5.9 billion in excess of the reserves it has established for its legal proceedings. As a result, it could impact JPMorgan's earnings should these losses reach beyond the reserves it had set aside.
5. -- Sprint (S) , the third-largest cellphone carrier in the U.S., plans to eliminate 2,000 jobs, or about 5% of its staff, as part of an effort to cut $1.5 billion in annual spending.
The company posted a fiscal second-quarter loss of $765 million, or 19 cents per share, on revenue of $8.49 billion. Analysts were expecting a loss of 6 cents a share on revenue of $8.59 billion.
6. -- Alibaba (BABA) , the Chinese e-commerce giant, posted adjusted earnings in the July-September quarter of 45 cents a share as sales rose 54% from a year earlier to $2.74 billion.
Analysts expected earnings of 45 cents a share on revenue of $2.61 billion.
The earnings report was Alibaba's first since its initial public offering in September.
The stock jumped 3.9% in premarket trading on Tuesday.
7. -- Herbalife (HLF) reported disappointing third-quarter results and a weak outlook.
The nutrition supplements company reported third-quarter earnings of $11.2 million, or 13 cents a share, down 92% from earnings of $142 million, or $1.32 a share, a year earlier.
The latest period included a $139.5 million charge tied to Venezuelan currency, along with other special items. On an adjusted basis, Herbalife earned $1.45 a share, which was below forecasts.
The company said it expects to post adjusted earnings of between $1.30 and $1.40 a share in the fourth quarter; analysts were anticipating $1.68.
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8. -- Apple (AAPL) and Google (GOOG) will allow consumers who buy a Disney (DIS) movie from either of their online stores to watch it on smartphones, tablets and other digital devices that run their rival's operating system.
Until now, Apple has restricted movies, TV shows and other content to its own family of iOS devices, along with Mac or Windows computers. Google placed similar restriction on its digital store and Android-powered devices, according to the Journal.
9. -- CVS Health (CVS) earned 88 cents a share on an adjusted basis in the third quarter. Sales rose to $35.02 from a year earlier $31.93 billion.
Wall Street expected CVS to report earnings of $1.13 a share on sales of $34.74 billion.
The stock fell 2.5% in premarket trading.
10. -- Burger King Worldwide (BKW) reported adjusted profit in the third quarter of 27 cents a share, matching analysts' estimates.
-- Written by Joseph Woelfel
To contact the writer of this article, click here:Joseph Woelfel