Global investors have been concerned over the impact of the coronavirus on the economy, as the number of cases worldwide keeps rising. In this context, U.S. equities dropped on Monday, with the Dow falling by 1.6%, its biggest one-day drop since October. Shares of travel companies and consumer goods firms exposed to China were some of the biggest losers.
Meanwhile, Chinese authorities said Tuesday that the outbreak has killed 106 people and infected 4,515.
In other market news, 3M, Pfizer and Xerox are due to report before the bell. Apple, Alaska Air, Starbucks and eBay are due to update investors after the bell.