Wall Street is expected to decline today, ending a two-day winning streak.

BY THE NUMBERS

U.S. stock futures fell on Tuesday after two consecutive gains on Wall Street. The Dow Jones Industrial Average advanced nearly 2% to begin the week, driven by Twitter's (TWTR) 27% surge following Elon Musk's new stake in the social network. Twitter added another 5% in premarket trading on news that Musk will join the company's board. (Source: CNBC)

On Tuesday morning, Treasury yields increased, while key yield spreads, including the 2-year/10-year and 5-year/30-year, remained inverted. This bond market phenomenon has historically been associated with economic recessions. Due to concerns about the Federal Reserve's interest rate-tightening cycle, traders were selling bonds at the shorter end of the yield curve. Bond prices move inversely with yields. (Source: CNBC)

On Tuesday, West Texas Intermediate crude gained 1%, surpassing $104 per barrel, after Monday's 4% increase halted a two-day decline. The increase in oil prices was driven by supply concerns as the U.S. and its European allies weighed new sanctions against Moscow over allegations of war crimes by Russian troops in Ukraine. (Reuters)

The European Commission is set to propose a ban on coal imports from Russia, according to two EU officials who spoke to CNBC on Tuesday. This move comes as the EU grapples with the challenge of imposing sanctions on the Russian energy sector due to its high level of dependency on Moscow.

Russian troops have retreated from towns around Kyiv, prompting Ukrainian President Volodymyr Zelenskyy to address Tuesday's meeting of the U.N. Security Council.

IN THE NEWS TODAY

After acquiring a 9.2% stake in Twitter, Musk was appointed to the company's board of directors. Following his appointment, Musk tweeted that he would push for changes on the platform. On Monday night, Musk posted a poll asking Twitter users if they wanted an edit button. Over 73% of the nearly 2.6 million respondents voted "yes," which Musk misspelled as "yse" to emphasize his point. (CNBC)

On Tuesday, Amazon announced a major commercial rocket deal, signing on with three companies for up to 83 launches of its Project Kuiper internet satellites. One of the companies is Blue Origin, founded by Jeff Bezos. The FCC authorized Amazon's system in 2020, and the company has stated that it will invest more than $10 billion to build it. (CNBC)

The coronavirus outbreak in China's largest city remains "extremely grim," according to the director of Shanghai's working group on epidemic control. Most of eastern Shanghai, which was supposed to reopen last Friday, remained locked down along with the western half of the city. (AP) The more contagious omicron BA.2 subvariant now makes up 72% of Covid infections that have undergone genetic sequencing in the U.S., according to data from the Centers for Disease Control and Prevention. BA.2 became dominant in the U.S. last week. (CNBC) Senate Republicans and Democrats reached a deal Monday on $10 billion in additional Covid funding to buy therapeutics and vaccines and maintain the nation's testing capacity if another Covid wave hits the U.S. The amount is less than half the $22.5 billion that President Joe Biden first requested. (CNBC)

On the first Tuesday since Donald Trump's 2017 inauguration, Barack Obama returns to the White House to help President Joe Biden commemorate the 12th anniversary of the Affordable Care Act, also known as Obamacare, which was enacted during Obama's presidency and Biden's tenure as vice president. (AP)

Ketanji Brown Jackson is set to be confirmed as a Supreme Court justice after gaining the support of two more Republican senators, Mitt Romney of Utah and Lisa Murkowski of Alaska.

The companies announced Tuesday morning that they will develop a series of affordable electric vehicles based on a new global architecture and utilize GM's next-generation Ultium battery technology.

According to data provided to CNBC, Goldman Sachs (GS) reported that 236,000 individuals applied for internships worldwide at the bank, with 79,000 of those applications coming from the Americas region.

In the first quarter of 2021, Manhattan residential real estate sales reached $7 billion, surpassing the previous record for the strongest start to a year. The average price of a Manhattan apartment increased by 19% compared to the same period last year, to $2.04 million. (Source: CNBC)

STOCKS TO WATCH

RBC Capital Markets downgraded Carvana from "outperform" to "sector perform" and cut its stock price target from $155 to $138 per share. The decision was based on valuation and potential challenges in integrating its recent acquisition of Adesa. As a result, Carvana's stock price slid 3.4% in the premarket.

In premarket trading, the solar company's stock dropped 4.8% after Bank of America Securities downgraded it from "neutral" to "underperform." BofA warned that investors may be overly optimistic about growth prospects and that a new Commerce Department anti-dumping inquiry into Asian module manufacturers is unlikely to drive pricing power.

Goldman Sachs has included Generac, the manufacturer of backup generators and other energy-related equipment, on its "Americas Buy List." Goldman highlights Generac's diverse product portfolio, expanding distribution network, and the potential for many of its products to be in the early stages of adoption. Generac's stock price increased by 2.1% in premarket trading.

The cruise line operator reported that the week from March 28 to April 3 was the busiest for new cruise bookings in the company's history, causing Carnival to increase by 3.6% in the premarket.

The Financial Times reported that Nio is in talks with peers about licensing its battery swapping technology, resulting in a 1.1% increase in the premarket.

Neiman Marcus will receive a $200 million minority investment from a luxury fashion e-commerce company as part of a global partnership.

The lighting products and building management systems manufacturer reported quarterly earnings of $2.57 per share, 20 cents above expectations. Additionally, revenue exceeded Wall Street predictions. The company stated that it successfully offset rising materials and freight expenses through price hikes and productivity enhancements.

Barclays upgraded Teva from "equal weight" to "overweight," citing factors such as increased estimates for Teva's biosimilar version of Humira. Teva's stock price increased by 1.5% in premarket trading.

WATERCOOLER

The Jayhawks clinched their fourth NCAA men's basketball championship on Monday night, after a thrilling second-half comeback that wiped out a 16-point deficit and ultimately defeated the North Carolina Tar Heels 72-69 in a nail-biting matchup of top programs. (AP)