Here are 10 things you should know for Tuesday, March 1:
1. -- U.S. stock futures were rising Tuesday following gains in Europe and Asia.
Equities in Europe and Asia rose after purchasing managers' data across the world declined, building the case for more stimulus from central banks.
Oil prices in the U.S. were edging higher, up 1.3% to $34.19 a barrel.
2. -- The economic calendar in the U.S. Tuesday includes Construction Spending for January at 10 a.m. EST, and the ISM Index for February at 10 a.m.
3. -- U.S. stocks on sold off in the final hour of trading Monday, wiping out any gains Wall Street achieved in February.
A health care selloff to begin the week led to broad losses across equity markets on Monday. The S&P 500 ended the session 0.82% lower, the Dow Jones Industrial Average slipped 0.75%, and the Nasdaq fell 0.71%. Benchmark indexes were up roughly half a percent earlier in the session.
4. -- New York Federal Reserve President William Dudley said he sees downside risks to his U.S. economic outlook, an assessment that could lead to a longer pause before the Fed's next interest-rate hike than he and his colleagues had signaled earlier, Reuters reported.
"At this moment, I judge that the balance of risks to my growth and inflation outlooks may be starting to tilt slightly to the downside," Dudley said in remarks at a conference in Hangzhou, China, sponsored by the People's Bank of China and the New York Fed.
Although Dudley said he still expects the U.S. economy to grow about 2% in 2016, enough to push unemployment down and begin to pull inflation up to the Fed's 2% target, he added, "On balance, I am somewhat less confident than I was before."
The Fed raised interest rates in December for the first time in almost a decade, and signaled then that it would probably raise rates four more times this year.
ICE said it has yet to approach the LSE board and hasn't made a decision on whether it would launch an offer.
London Stock Exchange Group and Germany's Deutsche Boerse last week announced they were in talks merge in a deal valued at around 21 billion pounds ($30 billion).
6. -- A Brooklyn judge scolded the U.S. government in a stinging rebuke of arguments it has used to shame Apple (AAPL - Get Report) for refusing to surrender information from its customers' iPhones, saying it's stretching a 1789 law to get "impermissibly absurd results," The Associated Press reported.
The ruling Monday by U.S. Magistrate Judge James Orenstein in Brooklyn came a day before a congressional hearing on Tuesday that will include testimony from FBI Director James Comey and Apple General Counsel Bruce Sewell on encryption and "balancing Americans' security and privacy."
Orenstein, ruling in a Brooklyn drug case, noted his decision was not controlling in more than a dozen cases nationwide facing the same legal question but "can nevertheless have some precedential value."
He seemed to be aiming in particular at Apple's fight against a California judge's order that it create specialized software to help the FBI hack into an iPhone linked to the investigation of the Dec. 2 attack in San Bernardino, Calif.
Apple is a holding in Jim Cramer's Action Alerts PLUS portfolio.
The probe is separate from an existing SEC investigation into Salix Pharmaceuticals, which Valeant acquired last year.
Valeant's board, meanwhile, is in the midst of its own internal investigation into the company's accounting practices and former relationship with specialty pharmacy Philidor.
9. -- Barclays (BCS) revealed plans to split itself into two as it reported a big fall in fourth-quarter profit.
The bank said Tuesday adjusted pretax profit, which includes one-off items like provisions to pay for mis-selling policies in the U.K., fell by more than a half to 247 million pounds ($344 million) from a year earlier.
The bank also announced plans to sell down its stake in its African operations over the next three years.