Today’s Financial Outlook

Another punishing day in the market Tuesday with the dow falling 130 points, the Nasdaq losing another 1.3% of it’s value and the S&P dow nearly a percent and in the midst of it’s worst losing streak since 2013..however some optimism this morning with stock index futures rebounding and global markets showing sign of recovery..but oil?..it just keeps falling as the world-wide glut shows no sign of abeting..US Crude is now trading  at around $47 a barrel and priced are down by 50% since June of 2014..in market moving news, JC Penny shares soared on Tuesday after the company reported an increase of nearly 4% in sales over the holidays..and looking ahead Monsanto will report earnings prior to the bell while ADP will release monthly US employment numbers  just after 8AM and minutes from the Federal Reserves December meeting will be published at 2pm..