Top 4 things you need to know about the market on Tuesday

1. US-China trade talks continue

Washington is starting a new round of trade talks between the US and China, with the two sides reaching an agreement that will prevent Chinese tariffs from increasing on March 1.

U.S. tariffs on $200 billion in imports from China are set to rise to 25% from 10% if no deal is reached by March 1, but Trump said that he may extend the deadline if the two sides were close a deal.

2. 16 states Sue Trump for the financing of the border wall

Political headlines will remain in focus after a coalition of 16 US states led by California has filed a lawsuit against President Donald Trump's national emergency to obtain funds for building a wall across the US-Mexico border.

The lawsuit filed at the US District Court on Monday came after Trump urged emergency authorities to build a border wall on the southern border of the country.

Trump's order will allow him to spend money that Congress has appropriated for other purposes. Congress refused to meet its $ 5.7 billion request to help build this year's wall.

3. U.S. Futures point to red opening

US stock futures point to red opening, as market participants expect development from the last round of trade talks in the US and China.

At 12:20 GMT, the blue chip futures (DJIA) declined by 45 points, or by about 0.2%, the S & P 500 futures by 4 points, or approximately 0.2%, while the technological futures Nasdaq 100 showed a decline of 5 points, or about 0.1%.

4. Walmart Reports

Walmart (WMT.US) is one of the last remarkable names to report quarterly results as the earnings season in the fourth quarter is almost over.

The trade giant is expected to release a $ 1.33 profit per share on revenue of $ 138.81 billion, and they will report before the opening of the US trading session.

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