What's moving markets today

By CNN Business
7:34 p.m. ET, February 12, 2019
8:05 a.m. ET, February 12, 2019

Dow set to rise 200 points on shutdown agreement

From CNN Business' Ivana Kottasová

US stock futures are moving higher after Congressional negotiators said they'd reached an agreement in principle to avoid a partial government shutdown.

The Dow was set to rise 200 points at the open. The S&P 500 and Nasdaq futures were both up 0.8%.

It's still not clear what will happen next. Negotiators declined to get into details yesterday on the exact parameters of the potential breakthrough, and President Trump has not yet weighed in.

Lawmakers are racing the clock in an effort to find common ground for an agreement on border security that will pass both chambers of Congress and be signed into law by Trump before Friday.

About 25% of funding for the US federal government runs out at the end of the week.

Still ahead this morning: Under Armour (UAA) and Molson Coors Brewing (TAP) will release earnings before the open.

Activision Blizzard (ATVI), Groupon (GRPN) and TripAdvisor (TRIP) are up after the close.

6:29 a.m. ET, February 12, 2019

Say hello to Nissan's post-Ghosn era

From CNN Business' Daniel Shane

Nissan (NSANF) has slashed its profit and sales forecasts in its first earnings report since the arrest and ouster of Carlos Ghosn, its controversial former leader.

The Japanese carmaker blamed the gloomy outlook on difficulties in the US and Europe, two of its biggest markets. 

The company also said that it has booked a charge of 9.2 billion yen ($83 million) related to payments to its former chief.

Nissan has a tough job on its hands to turn things around. After an 8% drop in the first three quarters of its financial year, Nissan's sales in the US plunged 19% in January. 

The company's stock gained 1.9% in Tokyo earlier today. Its earnings were released after Japanese markets closed.