Here are 10 things you should know for Wednesday, March 2:
1. -- U.S. stock futures were pointing slightly lower on Wednesday as oil prices declined.
European stocks rose buoyed by strong gains across Asian markets. Japan's benchmark Nikkei 225 jumped 4.1%, Hong Kong's Hang Seng added 3.1% and the Shanghai Composite Index rose 4.3%. Stocks in China rose even as Moody's Investor Service cut its outlook on the country's credit rating to negative from stable.
Oil prices in the U.S. fell 2% to $33.71 a barrel.
2. -- The economic calendar in the U.S. Wednesday includes the ADP National Employment Report for February at 8:15 a.m. EST, Crude Inventories for the week ended Feb. 27, and the Federal Reserve's "Beige Book" at 2 p.m.
3. -- U.S. stocks on Tuesday left the doldrums of the first two months of the year behind to kick off March with a blockbuster rally.
Traders had their pick of good news to fuel positive vibes throughout the day: The U.S. manufacturing sector showed signs of improvement, strength in car sales continued through February, and crude oil closed above $34 a barrel.
Gains piled upon gains to help benchmark indexes close at session highs. The S&P 500 and the Dow Jones Industrial Average both added 2.1%, and the Nasdaq gained 2.9%.
4. -- Republican Donald Trump and Democrat Hillary Clinton swept through the South on Super Tuesday, claiming victory in their parties' primaries in delegate-rich Georgia, Tennessee, Alabama and Virginia.
The victories reinforced the belief that Trump and Clinton likely would end up in a general election showdown.
On the Republican side, Ted Cruz won his home state of Texas, as well as neighboring Oklahoma to keep his campaign alive. Democrat Bernie Sanders picked up his home state of Vermont, as well as Oklahoma, Colorado and Minnesota.
Trump and Clinton each won seven states.
5. -- Canadian Pacific Railway (CP - Get Report) , which is pressing an unwanted takeover bid for Norfolk Southern (NSC - Get Report) , recently revived a $20 billion-plus effort to combine with CSX (CSX - Get Report) , The Wall Street Journal reported.
Canadian Pacific made a fresh approach to CSX in January, according to people familiar with the matter and Canadian Pacific CEO Hunter Harrison. Though the approach was rebuffed, Canadian Pacific remains interested, they said.
6. -- Anheuser-Busch InBev (BUD) agreed to sell SABMiller's (SBMRY) stake in China's Snow Breweries for $1.6 billion to ease regulatory concerns about the merger of the world's two biggest beermakers.
The sale will ease concerns that AB InBev, which is already China's third largest brewer, would have a stranglehold on the Chinese beer market.
In a regulatory filing, Starbucks said Alstead notified the company on Feb. 24 that "he would not return from his extended unpaid leave (i.e., Starbucks 'Coffee Break' or sabbatical) that began on March 1, 2015," and had resigned from the company effective Feb. 29, 2016. No other details were provided in the Securities and Exchange Commission filing, and Starbucks did not immediately respond to requests for comment, according to CNBC.
Starbucks named Kevin Johnson, a former CEO of Juniper Networks and a Starbucks board member, as its new corporate president and COO in January 2015.
Starbucks is a holding in Jim Cramer's Action Alerts PLUS portfolio.
The Department of Justice said in a statement that McClendon is suspected of orchestrating a scheme between two large energy companies, which are not named in the indictment, from December 2007 to March 2012. The companies would decide ahead of time who would win bids, with the winner then allocating an interest in the leases to the other company, according to the statement, The Associated Press reported.
McClendon denied violating antitrust laws in a statement released Tuesday.
9. -- Zynga (ZNGA - Get Report) announced Tuesday that co-founder Mark Pincus was stepping down again as CEO, with Frank Gibeau taking over effective March 7. Pincus will return to his role as Zynga's executive chairman.
Gibeau, who joined the San Francisco-based social gaming company's board in August, is a 25-year veteran from EA and is known as a bit of a turnaround expert, according to those familiar with Gibeau. The last two years Gibeau was at EA, he worked in the company's mobile division, which has produced hits such as Simpsons Tapped Out, Plants vs. Zombies and more.
Costco is a holding in Jim Cramer's Action Alerts PLUS portfolio.