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Post-Super Tuesday Wall Street under pressure

IN THE NEWS TODAY

U.S. stock futures were lower this morning, with oil under pressure and Super Tuesday giving the front-runners for president a boost. The major indexes yesterday surged more than 2 percent, in the best first trading session of a month in just over three years. (CNBC)

Stocks in Japan and China each surged more than 4 percent today, following Wall Street's powerful rally. Meanwhile, Moody's Investors Service lowered the outlook on China's credit rating from stable to negative. (CNBC)

U.S. oil prices were falling this morning, after gains of nearly 2 percent Tuesday. Industry data late in the day showed a huge build in stockpiles. The government's inventory report is out at 10:30 a.m. ET. (Reuters)

Natural gas continued to plunge this morning, after crashing to 17-year-lows in the past week, underscoring burgeoning supply in the global market just as U.S. exports its first ever shale gas cargo. (CNBC)

Republican Donald Trump and Democrat Hillary Clinton racked up big wins on Super Tuesday, though their rivals showed no signs of clearing the way just yet. (CNBC)

Chris Christie should resign or voters should "initiate a recall effort," following the governor's endorsement of Trump. That's according to a joint editorial from six New Jersey newspapers. (NBC News)

Aubrey McClendon, former CEO of Chesapeake Energy (CHK), has been indicted on federal charges of conspiring to rig bids for oil and natural gas leases. McClendon is now with American Energy Partners. (CNBC)

Billionaire Bill Ackman's Pershing Square lost nearly 20 percent in the first two months of 2016, as his Herbalife (HLF) short and big Valeant (VRX) stake moved in the wrong directions. (Reuters)

Valeant triggered an SEC investigation with its own request that regulators look into claims against the drugmaker made by short seller and Citron Research founder Andrew Left. (Reuters)

Sports Authority filed for Chapter 11 today, making it the first major U.S. retailer to file for bankruptcy this year amid fierce competition from giants such as Wal-Mart (WMT) and Amazon (AMZN). (Reuters)

Bond fund manager Bill Gross is accusing Pimco of falsely claiming he suddenly decided to abandon the firm he co-founded in an effort to win dismissal of his $200 million breach-of-contract lawsuit. (Reuters)

Apple (AAPL) has filed an appeal in its dispute with federal investigators over demands the tech giant to create software to help the FBI break into an iPhone used by one of the San Bernardino terrorists. (Politico)

As the battle over the FBI's request went to Capitol Hill, the husband of one of the survivors of the San Bernardino attack said he supports Apple in the controversial case. (NBC News)

AT&T (T) is joining the over-the-top video race, with plans to launch three Internet TV services from DirecTV — including a free, ad-supported option — in late 2016. (Variety)

Facebook CEO Mark Zuckerberg is the biggest gainer in the Forbes 2016 billionaires list, moving up 10 spots from last year to claim the ranking as the world's sixth richest person.

Among the most notable of the 221 names missing from this year's billionaires list were Boston Beer's Jim Koch, Valeant's Michael Pearson, and U.S. fashion designer Tory Burch. (Forbes)

BY THE NUMBERS

Jobs-related data is likely to be a key influence on stock prices for the remainder of the week, with the February ADP private-payrolls report out at 8:15 a.m. ET this morning and the government's jobs report for last month due Friday morning.

San Francisco Fed President John Williams speaks about the economy at 11 a.m. ET. Then at 2 p.m. ET, the Fed releases its February beige book, which tracks regional economic conditions.

Abercrombie & Fitch (ANF) and Brown-Forman (BF.A) are among the companies issuing earnings this morning, while Costco (COST) and American Eagle (AEO) are out with their numbers this afternoon.

Ross Stores (ROST) late Tuesday slightly beat estimates with earnings and revenue. The discount retailer increased its quarterly dividend by 15 percent, but warned on outlook.

American Water Works (AWK) joins the S&P 500 index after the close of trading tomorrow, replacing Consol Energy (CNX). Consol moves to the S&P MidCap 400 index.

STOCKS TO WATCH

Exxon Mobil (XOM) hosts its investor day in New York City. Executives are expected to address some of the unanswered questions following the oil giant's most recent earnings report.

CSX (CSX) was higher in premarket trading, after the railway rebuffed a January revived takeover bid from Canadian Pacific Railway (CP), according to the Wall Street Journal. CP is also pressing an unwanted takeover bid for Norfolk Southern (NSC).

Anheuser-Busch InBev (BUD) struck a deal to sell SABMiller's China-based beer business to China Resources Beer Holdings. The deal is part of the company's effort to win China regulatory approval for its pending acquisition of SABMiller.

Starbucks (SBUX) COO Troy Alstead has resigned, a year after he took a leave of absence. His resignation was effective this past Monday and the coffee chain did not elaborate on a reason for his departure.

Zynga (ZNGA) named Frank Gibeau as its new CEO, with founder Mark Pincus becoming executive chairman of the online game creator. Gibeau is a former executive at Electronic Arts (EA).

WATERCOOLER

As the 86th Geneva International Motor Show opens to the public this week, several of the world's biggest auto companies will be unveiling their latest high-performance cars at the event. Here's a preview. (CNBC)

Jetsetters longing for a return to supersonic travel might soon be in luck. The U.S. space agency NASA is pushing for a new passenger jet that looks set to fill the void left by Concorde. (CNBC)