From Nasdaq:

Today’s Big Picture: Asia-Pacific equity markets finished the day mixed. India celebrates Republic Day and Australia celebrates its establishment anniversary, so both markets are closed. European markets are up midday, but U.S. equity futures are pointing to a weak open after weaker-than-expected guidance from Intel and Visa. Data Download: December PCE Price Index came in at 0.2% month over month and 2.9% year over year, below expectations. Core PCE Price Index is eyed closely. International Economy: Tokyo’s core CPI slowed to 1.6%, below expectations. Chinese officials warn Iran about Houthi attacks affecting business ties. Domestic Economy: Pending Home Sales data expected to rise 1.5% in December. Florida House passes legislation banning minors under 16 from social media. Markets: Energy and Technology led gains yesterday, with United Rentals rising 12.96%. Key market indicators show gains. Stocks to Watch: Earnings expected from American Express, Caterpillar, and more. Intel, Visa, and KLA Corp all facing difficulties after earnings reports. LVMH reports higher-than-expected sales. Levi Strauss and Norfolk Southern announce layoffs. IPOs: Open IPOs can be found on Nasdaq’s latest & upcoming IPOs page. After Today’s Market Close: No companies report quarterly results today. On the Horizon: Industrial Profits report from China on Monday, followed by key data releases from the UK, Eurozone, and the U.S. throughout the week.



Read more: Daily Markets: Gloomy Guidance Weighs on Stocks