Investing.com - Here are the top five things you need to know this morning, Tuesday, November 3:
1. Wall Street points to lower open after Monday's rally
U.S. stock futures pointed to modest losses at the open on Tuesday, pulling back from the prior day's rally, as investors awaited a flurry of corporate earnings reports as well as key U.S. data.
On Monday, the Dow Jones Industrial Average closed in the green for 2015, joining the S&P 500 and the Nasdaq Composite in positive territory for the year so far.
2. U.S. factory orders data due after the opening bell
Market players looked ahead to the release of key U.S. data later in the day amid growing expectations for a December rate hike. The Commerce Department was to release a report on September factory orders at 10:00AM ET.
Market players have been trying to gauge when the Federal Reserve will raise interest rates for the first time in nearly a decade after recent economic reports offered a mixed picture of the U.S. economy.
3. U.S. earnings season continues
Kellogg Company (N:K), Office Depot (O:ODP), Archer-Daniels-Midland Company (N:ADM), Sprint (N:S) and Cablevision (N:CVC) will report earnings ahead of the opening bell.
After the market closes, Tesla Motors (O:TSLA), Groupon (O:GRPN), Etsy (O:ETSY), CBS Corporation (N:CBS) and Herbalife (N:HLF) are on the earnings docket.
4. European stocks wobble as lackluster earnings fail to cheer
European equity markets wobbled on Tuesday, as lackluster earnings from Standard Chartered (L:STAN) weighed on the banking sector, while sentiment was also hit by fresh declines in shares of Volkswagen (DE:VOWG_p).
5. Asian stock markets close mixed on China concerns
Asian equities were mixed on Tuesday, with China's Shanghai Composite closing lower amid ongoing concerns over the health of the economy. The rest of the region ended with modest gains thanks to an inspiring overnight lead from Wall Street.