confirmed that the death toll has risen to 132 and the number of total cases has reached 5,974. Global investors have shown concerns about the impact of the virus on the overall economy. The White House has reportedly told airlines that it is considering suspending all flights from China to the U.S.'s first policy meeting of the decade. The Federal Open Market Committee held the target range for the federal funds rate at 1.5-1.75% in December, following three consecutive rate cuts.
On the data front, there will be advanced economic indicators at 8:30 a.m. ET and pending home sales at 10 a.m. ET.
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