Updated from 6:02 a.m. EST
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Here are five things you must know for Tuesday, Jan. 10:
1. -- U.S. stock futures were rising Tuesday, European stocks turned higher and Asian shares finished the session mixed ahead of news conference Wednesday by President-elect Trump, his first since winning the election.
On Monday, the Dow Jones Industrial Average slid 0.37% to 19,887 and the S&P 500 declined 0.35%, amid a selloff in crude oil.
The Nasdaq was the only index in the green on Monday, rising 0.19% and reaching another record close of 5,531.
"The market has high expectations for Trump's economic policy; perhaps they are booking profits just in case he throws in a curveball at (Wednesday's) much anticipated press conference," City Index research director Kathleen Brooks told Reuters.
The economic calendar in the U.S. on Tuesday includes the Job Openings and Labor Turnover Survey for November at 10 a.m. EST and Wholesale Trade for November at 10 a.m.
Earnings are expected Tuesday from Progress Software (PRGS) .
2. -- Yahoo! (YHOO) CEO Marissa Mayer and company co-founder David Filo will step down from the Internet company's board upon closing of the $4.8 billion sale of its core assets to Verizon Communications (VZ) .
Yahoo! shares rose 0.2% to $41.41 in premarket trading on Tuesday while Verizon rose slightly.
Mayer took over the executive suite at the Sunnyvale, Calif.-based company in 2012, coming from Google. Her tenure was marred by two different security breaches, one that involved more than a billion customer accounts.
When the Yahoo! sale to Verizon is completed, the remaining Yahoo! assets will be renamed Altaba, which will include a 15% stake in Chinese e-commerce company Alibaba (BABA) and a 35.5% stake in Yahoo Japan.
3. -- Alphabet's (GOOGL) Google unit is in talks to sell its satellite business to competitor Planet Labs, a satellite-imagery startup that is seeking a new round of funding to help pay for the possible acquisition, The Wall Street Journal reported, citing people familiar with the talks.
Google bought the satellite-imagery unit, Terra Bella, for $500 million in 2014, when it was known as Skybox Imaging.
Discussions about the possible acquisition, which were first reported by Bloomberg News on Monday, are focused on a possible cash plus equity deal, the people said. Planet Labs, founded in 2011, is seeking to raise funds to help finance the deal and pay for continuing operations, one of the people said.
Building, launching and operating a fleet of satellites is expensive, and Google has decided it can save money by purchasing similar imagery from third parties, one of the people told the Journal.
The Paris-based beauty and hair care product manufacturer entered an agreement to buy the skincare brands CeraVe, Acne Free and Ambi from Valeant. The three brands have combined annual sales of almost $170 million.
The purchases will become part of L'Oreal's Active Cosmetics Division, which includes brands such as La Roche-Posay, Vichy and SkinCeuticals that are endorsed by health professionals -- dermatologists, pediatricians and other physicians.
Valeant also said it would sell its Dendreon cancer business to China's Sanpower Group for $820 million. Dendreon makes prostate cancer vaccine Provenge.
Valeant rose 11.5% in premarket trading.
Reuters first reported the news.
Gildan won't take any of American Apparel's 110 stores, but will own its brand and assume some of its manufacturing operations, the source told Reuters. The deal is subject to a bankruptcy judge approving it on Thursday.