Here are 10 things you should know for Tuesday, Dec. 1:
1. -- U.S. stock futures were gaining Tuesday though in cautious trading ahead of Thursday's meeting of the European Central Bank and the release Friday of the U.S. jobs report for November.
European stocks traded mixed. Asian shares ended the session with gains following improved Japanese data and on the International Monetary Fund's inclusion of the Chinese yuan in its basket of major currencies.
2. -- The economic calendar in the U.S. on Tuesday includes Construction Spending for October at 10 a.m. EST, and the ISM Index for November at 10 a.m.
3. -- U.S. stocks on Monday declined as it appeared consumers were pulling back on holiday spending.
The S&P 500 fell 0.46%, the Dow Jones Industrial Average declined 0.44%, and the Nasdaq fell 0.37%. The S&P 500 rose just 0.1% for the month, while the Dow and Nasdaq closed out November with gains of 0.37% and 1.1%, respectively.
4. -- Goldman Sachs' top economist Jan Hatzius told CNBC he thinks the Federal Reserve will raise interest rates " a quarter point every quarter."
Under that scenario, "the economy does more or less what it has been doing in terms of growth," Hatzius said.
He forecast that domestic demands and consumer spending will likely be the main drivers of the economy in 2016, CNBC reported.
5. -- David Einhorn has lost 20.6% this year, putting his hedge fund, Greenlight Capital, on course for its first losing year since the financial crisis.
Greenlight Capital dropped 5% in November, pulled down largely by SunEdison's (SUNE) 56% drop in November, two people who saw the numbers told Reuters.
The loss all but ensures that 2015 will be a down year for Greenlight, marking only the second time that Einhorn posted a loss since launching the firm in 1996, Reuters noted.
6. -- Cyber Monday was expected to be the biggest online shopping day ever, likely racking up more than $3 billion in sales, according to research firm comScore.
As of 7 p.m. Monday, Adobe estimated Cyber Monday sales would rise 12% to $2.98 billion by the end of the day. A more complete picture of Cyber Monday sales will be available when comScore releases figures on Wednesday.
Ford, meanwhile, will spend $1.3 billion and add 2,000 jobs at its Kentucky Truck plant in Louisville to make the next-generation 2017 Super Duty pickup, according to the Detroit Free Press.
8. -- Mattress Firm (MFRM) agreed to buy competitor Sleepy's for $780 million and said the deal will add about $1 billion to its annual sales.
Mattress Firm said it expects to complete the purchase by mid-2016 pending approval from regulators. The Houston-based company has 2,400 stores in 41 states and expects about $2.5 billion in revenue in its current fiscal year. After buying Sleepy's, Mattress Firm said it will have about $3.6 billion in annual sales and 3,500 stores.
Sleepy's is owned by HMK Mattress Holdings, and most of its stores are in the Northeastern and mid-Atlantic U.S.
9. -- Express Scripts (ESRX) , the nation's biggest pharmacy benefits manager, is promoting a less-expensive alternative to a life-saving medicine with a list price of $750 per pill.
Express Scripts said Tuesday that it will make a treatment for the rare infection toxoplasmosis that costs $1 per pill available on its biggest formulary, or list of covered drugs.
Daraprim, the drug that costs $750 per pill, comes from Turing Pharmaceuticals, which outraged doctors, patients and politicians when it bought rights to the pill earlier this year and then subsequently jacked up the price. The 62-year-old drug had been priced at $13.50 per pill before that.5 Tech Stocks George Soros Loves for 2015