DJIA futures have clawed higher after the latest policy move from China
The Dow Jones Industrial Average (DJIA) is set to start the final trading day of February on a positive note, with Dow futures docked just above fair value this morning. Futures have moved off their earlier lows following the latest policy move by the People's Bank of China (PBOC), with officials stepping up their efforts to support the sputtering mainland economy. Looking ahead, jobs will be in focus on Wall Street this week, with Friday's calendar featuring the monthly nonfarm payrolls report. In the meantime, stocks today will be responding to a fresh set of data on housing and manufacturing.
Continue reading for more on today's market, including: 
Futures on the Dow Jones Industrial Average (DJIA) are 10 points above fair value.
5 Things You Need to Know Today
- A disappointing conclusion to the Group of 20 (G-20) meeting weighed on stocks in Asia and Europe.
- The Chicago Board Options Exchange (CBOE) saw 815,309 call contracts traded on Friday, compared to 520,333 put contracts. The resultant single-session equity put/call ratio rose to 0.64, while the 21-day moving average dropped to 0.74.
- Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is down 6% in pre-market trading -- ready to extend its recent technical rout -- following news the drugmaker will postpone its fourth-quarter results, initially slated for release today. Additionally, VRX's CEO Michael Pearson will return from his longer-than-expected medical leave, effective immediately.
- Horizon Pharma PLC (NASDAQ:HZNP) is set to jump 6% at the open, after the pharmaceutical firm's fourth-quarter earnings beat analysts' estimates. Additionally, HZNP reaffirmed its full-year forecast, which it upwardly revised in mid-January.
- After recently reducing his stake in Apple Inc. (NASDAQ:AAPL), Carl Icahn has set his sights on Federal-Mogul Holdings Corp (NASDAQ:FDML). Specifically, Icahn Enterprises LP (NASDAQ:IEP) -- which already owns about 82% of the auto parts maker -- offered to buy the remaining shares for $7 apiece, sending FDML up 44% in electronic trading.
Earnings and Economic Data
The Chicago purchasing managers index (PMI), pending home sales, and the Dallas Fed manufacturing survey will kick off the week's economic reports. 3D Systems (DDD), ACADIA Pharmaceuticals (ACAD), Chimerix (CMRX), Crocs (CROX), Hertz Global (HTZ), Lumber Liquidators (LL), Novavax (NVAX), PTC Therapeutics (PTCT), TASER (TASR), and Workday (WDAY) will step into the earnings confessional. To see what is coming up on this week's agenda, click here.