Dow Futures Rise Ahead of Busy Trading Day

U.S. stocks look ready to recover some losses from Monday's session, in which they suffered their worst pullback in months. Futures on the Dow Jones Industrial Average (DJI) are trading 100 points above fair value, as the attention shifts back to earnings, with results from blue chips 3M (MMM), Pfizer (PFE), and United Technologies (UTX) all in focus this morning. There's a full slate of economic data to consider, too, including this morning's relatively weak capital goods orders update. What's more, the Federal Open Market Committee (FOMC) will begin its two-day policy deciding meeting today.

Continue reading for more on today's market, including: 

• The latest deal for Beyond Meat.
• Potential hesitation points for the S&P and RUT, from Schaeffer's Senior V.P. of Research Todd Salamone.
• Plus, buyout buzz in the auto space; Harley shares dip again; and Britain's controversial 5G decision.

5 Things You Need to Know Today

1. The Cboe Options Exchange (CBOE) saw 1.19 million call contracts traded on Monday compared to 759,475 million put contracts. The single-session equity put/call ratio fell to 0.64, and the 21-day moving average was 0.53.
2. Propulsion system maker Delphi Technologies PLC (NYSE:DLPH) is watching its stock jump 63% ahead of the open thanks to news fellow auto parts supplier BorgWarner (BWA) is buying the company in a deal valued at roughly $3.3 billion. BWA moved in with DLPH stock at all-time lows, as the shares have dropped almost 44% in the past year.
3. Harley-Davidson Inc (NYSE:HOG) shares are again set for a tumble after another decline in quarterly sales from the motorcycle behemoth. HOG stock is pacing for a 6% drop at the open, extending technical weakness that's plagued it since its October peak above $40. Moreover, the security hasn't traded above its 20-day moving average since the first trading day of 2020.
4. Britain has decided to allow controversial Chinese tech company Huawei to build parts of its 5G network, despite the fact that the U.S. has long claimed the company is a security risk with close ties to the Chinese government. Huawei had already provided the U.K. with 5G technology, but this decision will them access to the company's infrastructure, giving them access to consumer's personal data.
5. Today features durable goods orders, core capital goods orders, the S&P CoreLogic Case Shiller home price index, and the consumer confidence index. Today will also kick off the Federal Open Market Committee's two-day meeting. Earnings reports from Advanced Micro (AMD), Cree (CREE), eBay (EBAY), Starbucks (SBUX), Xerox (XRX) and Xilinx (XLNX) are also due out.
   
   

Virus Fears Keep Hammering Global Markets

Markets in Asia fell across the board today, as the coronavirus continues to spread unchecked. China's health authorities have reported that the outbreak has now killed 106 people and infected 4,515. China's Shanghai Composite and Hong Kong's Hang Seng remained closed for the holidays, though. South Korea's Kospi shed 3.1%, with Korean Air Lines taking a big 6.7% hit. Japan's Nikkei gave back 0.6%, as the safe-haven yen continued to climb.

Stocks in Europe, meanwhile, are cautiously higher. Investors are once again eyeing Brexit headlines, with the U.K set to leave the European Union (EU) this Friday, Jan. 31. London's FTSE 100 is 0.5% higher at last check, despite luxury fashion name Burberry sliding 3.5%. The French CAC 40 and German DAX are 0.5% and 0.3% higher, respectively.