U.S. stock index futures were lower Tuesday morning.
At around 4: 72 am ET, Dow futures dipped 177 points, indicating a negative open of more than 177 points. Futures on the S&P and Nasdaq were both lower, after climbing to record closing highs late last week.
Wall Street stocks were closed on Monday, as investors observed a market holiday.
Apple has cautioned it does not expect to meet its quarterly revenue forecast, citing slowed production and weakened demand in China as a result of the coronavirus outbreak.
The most valuable company in the US initially said it expected to report net sales between $ 63 billion to $ 72 billion in its fiscal second quarter. Apple has not provided an updated forecast for its fiscal second-quarter revenue on Monday.
Shares of Apple were down 3.6% in pre-market trade.
The revenue warning appeared to dent market sentiment, as investors continue to assess the potential economic fallout of China’s fast-spreading coronavirus.
(China National Health Commission on Tuesday reported an additional (deaths nationwide, with 1, new cases of the coronavirus. As of Feb. , the commission said there had been a total of 98 , 728 confirmed cases and 1, deaths.
, Data, earnings
On the data front, Empire State manufacturing figures for February and the National Association of Home Builders (NAHB) survey for February will both be released during morning trade. The latest monthly Treasury International Capital (TIC) report will be released later in the session.
In corporate news, Medtronic ,
Walmart and Advance Auto Parts are among some of those to report earnings before the opening bell.
Elsewhere, Minneapolis Fed President Neel Kashkari is scheduled to deliver remarks on the world’s largest economy at event in St. Paul, Minnesota on Tuesday.