[ad_1] Here are five things you must know for Tuesday, March 2:1. -- Stock Futures Fall After S&P 500 Posts Best Day Since JuneStock futures declined Tuesday after the S&P 500 recorded its best trading day since June as a selloff in Treasury bonds eased.Sentiment also was dented by comments from China’s top banking regulator that he was “very worried” about risks of bubbles bursting in global financial markets. Asian stocks closed mostly lower Tuesday.In the U.S., contracts linked to the Dow Jones Industrial Average fell 44 points, S&P 500 futures fell 10 points and Nasdaq futures were down 45 points.Stocks closed Monday with significant gains and the S&P 500 rose 2.38% as bond markets stabilized and the U.S. approved Johnson & Johnson’s (JNJ) - Get Report one-shot COVID-19 vaccine.Benchmark Treasury yields traded at 1.445% Tuesday after last week's surge that was spurred by concerns that inflation would rise along with the economy's recover from the coronavirus pandemic.Global oil prices, meanwhile, fell for a third straight day. West Texas Intermediate crude, the U.S. benchmark, declined 1.06% to $60 a barrel.2. -- Tuesday's Calendar: Target and Kohl's EarningsTarget (TGT) - Get Report reported fourth-quarter earnings and same-store sales that were better than Wall Street's expectations as digital traffic surged over the holiday period.Kohl's (KSS) - Get Report smashed earnings estimates, posting an adjusted profit in the fourth quarter of $2.22 a share, well higher than forecasts of $1.01.Earnings reports are also expected Tuesday from Hewlett-Packard Enterprise (HPE) - Get Report, Nordstrom (JWN) - Get Report, Box Inc. (BOX) - Get Report, Abercrombie & Fitch (ANF) - Get Report, fuboTV (FUBO) - Get Report and Urban Outfitters (URBN) - Get Report.How to Trade Target Once It Reports EarningsThe U.S. economic calendar for Tuesday includes Motor Vehicle Sales for February. Unit vehicle sales are estimated at a 16.4 million annual pace in February, a tick below January's higher-than-expected 16.6 million rate.3. -- NIO Slumps After Reporting Wider-Than-Expected LossNIO (NIO) - Get Report, the Chinese maker of electric vehicles, reported a wider-than-expected loss in the fourth quarter and said the chip shortage impacting the global automotive industry would force limits to production.American depositary receipts of NIO fell 4.98% to $47.28.The loss in the quarter was 1.39 billion yuan ($212.8 million), narrower than a year earlier but wider than analysts' calls for a loss of 576 million yuan. Revenue of 6.64 billion yuan more than doubled from a year earlier and was in line with estimates.“NIO concluded a transformational 2020 with a new quarterly delivery record of 17,353 vehicles in the fourth quarter,” CEO William Li said in a statement. “The strong momentum has continued in 2021 as we achieved a historic monthly delivery of 7,225 vehicles in January.”The company said it expects to deliver 20,000 to... [ad_2] Read more:NIO, Zoom Video, Bitcoin, Target and Kohl's - 5 Things You Must Know Tuesday
