Walmart has its worst day in 30 years. Walmart tumbled by more than 10% Tuesday, making for its worst performance since January 1988, after online sales growth declined sharply during the crucial holiday quarter.
People hate Snapchat's redesign so much that another Wall Street analyst downgraded the stock. Snap plunged by more than 7% Tuesday after two Citigroup analysts, Mark May and Hao Yan, downgraded the company to a sell and said, "While the recent redesign of [Snap's] flagship app could produce positive long-term benefits, [there is a] significant jump in negative app reviews since the redesign was pushed out a few weeks, which could result in a decline in users and user engagement, and could negatively impact financial results."
Earnings reports keep coming. Dish reports ahead of the opening bell, while Cheesecake Factory, Roku, and Sturm Ruger release their quarterly results after markets close.
US economic flows. Markit PMIs will be released at 9:45 a.m. ET, and existing-home sales are due out at 10 a.m. ET. Finally, minutes from the Federal Reserve's February meeting will cross the wires at 2 p.m. ET. The US 10-year yield is little changed near 2.89%.