Updated from 6:26 a.m.

Here are 10 things you should know for Tuesday, Dec. 29:

1. -- U.S. stock futures were bounding back after a lower start to the last trading week of the year. A European rally boosted stock futures in the U.S. too.

European stocks followed Asia higher in a quiet post-Christmas trading session. In London, the FTSE 100 rose a modest 0.32%. In Frankfurt, the DAX powered ahead 1.46%. In Paris, the CAC 40 jumped 1.23%.

2. -- The economic calendar in the U.S. on Tuesday includes the comparable-store sales Redbook at 8:55 a.m., the S&P Case-Shiller home price index at 9 a.m., and the Conference Board's consumer confidence index at 10 a.m.

3. -- U.S. stocks on Monday closed in the red as crude oil continued its long slide through the year and as a decline in profits for Chinese industrial companies put downward pressure on markets.

The S&P 500 (SPY - Get Report) closed 0.22% lower. The Dow Jones Industrial Average (DIA - Get Report) fell 0.14%. The Nasdaq (QQQ - Get Report) sank 0.15%.

4. -- JPMorgan Chase (JPM - Get Report)  appears ready to raise interest rates for some depositors in January, according to Dow Jones Business News. Initially after the Federal Reserve raised its overnight interest rates this month, banks raised their prime rates, which affect credit cards and other loans, but most did not say they would pay more interest on bank deposits. For now, the increase is likely to affect institutional clients, not retail clients.

Banks have been squeezed for margins with interest rates so low. The move may be an attempt to stave off Canadian banks, which are offering higher rates in a move to attract U.S. business.

5. -- In his quest to buy auto parts retailer Pep Boys (PBY) , Carl Icahn has pushed back against a rival bid from Bridgestone (BRDCF) . After a prior bid from Icahn, Pep Boys had agreed to a $17-per-share bid from Japanese tire company Bridgestone, but Icahn Enterprises (IEP - Get Report) parried with a higher offer of $18.50 per share, or about $1 billion more.

In premarket trading, Pep Boys stock rose 6.4% to hover at $18.50, up from a close of $17.39.

6. -- Chipmaker Intel (INTC - Get Report)  has completed its acquisition of Altera (ALTR - Get Report) . The deal, concluded Monday, is worth $16.7 billion and expands Intel's reach into networking and into chips that are programmable after they're sold. Intel is looking to remain competitive in the microchip one-upmanship game. The deal was initially announced in May.

In premarket trading, Intel stock was sinking by 0.09% to $34.90.

7. -- Crude oil prices continued to face downward pressure, a persistent trend throughout 2015. Lower demand and higher output have pushed prices to strikingly low levels. Slower growth in China has not helped. But if colder winter temperatures arrive, oil prices may move upward again.

Prices for West Texas Intermediate crude oil, the U.S. measure, were at $36.81. Brent crude oil, the international measure, was at $36.62. Since 2010, Brent crude has generally had a higher price than WTI.

8. -- Whole Foods Market (WFM)  will pay a fine of $500,000 to settle claims that it overcharged customers in New York City. The settlement also requires the upscale food retailer to audit its weights and measures quarterly.

In premarket trading, Whole Foods stock was steady.

9. -- Valeant Pharmaceuticals (VRX) has appointed three executives to temporarily take over for its CEO, Michael Pearson, who was hospitalized with pneumonia last week. Valeant has faced pushback for its drug price hikes and link to a pharmacy that pushed name-brand drugs.

In premarket trading, Valeant stock was rising by 1.3% after a 10.5% drop on Monday.

10. -- Chinese Internet company Qihoo 360 (QIHU) reports earnings Tuesday after the closing bell. The company announced in December that it has accepted a bid to go private.