Dow Futures Down Triple Digits; Walmart Earnings in Focus

Following a winning session, the market is swimming in red ink before the bell this morning. Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are both down triple digits, while S&P 500 Index (SPX) futures sit quietly lower. Traders are eyeing Walmart's (WMT) disappointing profit forecast, as well as tensions between the U.S. and Iran. Meanwhile, weekly jobless claims fell by 23,000 to a lower-than-expected 206,000, while the U.S. trade deficit surged to a higher-than-anticipated $70.3 billion in December.

• Keep an eye on the outperforming VIX, per Schaeffer's Senior Quantitative Analyst Rocky White. 
• Aerospace stock flashing bull signal. 
• Plus, WMT and CVNA slide after earnings; and HIMS jumps on acquisition. 

5 Things You Need to Know Today

1. The Cboe Options Exchange saw over 1.9 million call contracts and more than 1.3 million put contracts traded on Wednesday. The single-session equity put/call ratio came in at 0.69, while the 21-day moving average remained at 0.59. 
2. Walmart Inc (NASDAQ:WMT) stock is up 0.7% premarket after the retail company announced better-than-expected fourth-quarter earnings and revenue, though it also issued a disappointing annual profit outlook. The shares have taken a breather from their Feb. 17 record high of $134.69, and are up 13.7% since the start of the year. 
3. Carvana Co (NYSE:CVNA) stock is off 7.2% in electronic trading, after the used car retailer missed fourth-quarter adjusted EBITDA expectations despite a revenue beat. Plus, several analysts cut their price targets in response. Looking to open at its lowest level since November, CVNA is down 14.3% year to date. 
4. Hims & Hers Health (NYSE:HIMS) stock is up 2.5% before the bell, after news that the telehealth name is acquiring Australian digital health company Eucalyptus in a deal valued at $1.15 billion. Since the start of the year, HIMS is down 51.2%, and yesterday hit a 52-week low of $15.57. 
5. See what else is coming up this week. 

Kospi Returns From Holiday with Record High

South Korea’s Kospi marked a 3% pop and record high, supported by tech heavyweight Samsung Electronics. Investors also noted former South Korean President Yoon Suk Yeol’s sentencing to life in prison, after the court found him guilty of an attempt of insurrection. Japan’s Nikkei rose 0.6%, while markets in China and Hong Kong remained closed for Lunar New Year.

A large batch of lackluster earnings are weighing on European stocks today, including a lower-than-expected delivery outlook from Airbus, while CEO of French automaker Renault noted a “challenging market environment” in the last year. At last glance, London’s FTSE 100 is down 0.6%, while France’s CAC 40 and Germany’s DAX both sport a 0.8% loss.