Wall Street shares are set to sink at the open as global indices fall and oil prices slide again.
Meanwhile, on the corporate front today, the big news is Google (NASDAQ:GOOG) as its parent Alphabet issued its fourth quarter earnings after hours, showing it was now more valuable than tech giant Apple (LON:AAPL).
Traders also have half an eye on the results of the Iowa election last night, where Texas senator trumped Trump to win the Iowa Republican caucuses, which is the first vote in selecting presidential candidates.
The benchmark Dow Jones closed Monday down 17 points at 16,449, while the broader based S&P500 finished down almost flat at 1,939, while the tech heavy Nasdaq added around six to 4,620.
In futures trading, the Dow Jones is down 120 points, while the S&P500 is down 15 and the Nasdaq furtures shed around 41 points.
In London, FTSE100 is down below 6,000 at the time of writing, down 108 points. In Asia overnight, the Shanghai Composite Index added 61, while the Nikkei 225 lost 114.
Oil prices are sliding again, with US crude - West Texas Intermediate, down 2.75% at US$30.73 a barrel, hovering near the US$30 level..
Alphabet surged over 5.5% in after hours deals to US$752 after telling investors of a profit of US$4.9bn in the quarter, up from US$4.7bn a year earlier.
An increase in online advertising on Google helped the company rack up annual profits of US$16.3bn, although its Other Bets business lost US$3.6bn during the period.