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Jan. 5 Premarket Briefing: 10 Things You Should Know

Here are 10 things you should know for Tuesday, Jan. 5:

1. -- U.S. stock futures were falling for a second day on Tuesday despite efforts by China to shore up its financial system.

European stocks were down in early trading while Asian shares ended the session mostly lower.

China's Shanghai Composite Index finished down 0.3% on Tuesday after wavering between gains and losses. It slumped 6.9% on Monday, following a weak manufacturing report from the world's second-largest economy.

2. -- The economic calendar in the U.S. on Tuesday is quiet.

3. -- U.S. stocks tanked on Monday, the first day of trading in 2016, as fears over China's economy and Middle East tensions coalesced to spook Wall Street.

The Dow Jones Industrial Average slid 1.6%, or 276 points, in its worst start to the year since 2008, around the time of the Great Recession.

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