1. Calm, cool and collected: Stock markets are extremely mellow right now. The CBOE Volatility Index -- better known as the Vix -- has dropped to its lowest level in more than a decade at 10 points.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +17.00 | | +1.50 | | +0.75 | | +0.08% | | +0.03% | | +0.03% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -52.70 | | +1.91 | | +39.69 | | 19,843.00 | | 3,080.53 | | 7,340.55 | | -0.26% | | +0.06% | | +0.54% | | | |
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| Key Stats | Latest | Today's Change | | | Oil | $46.41 | -0.02 / -0.04% | | | Gold | $1,225.20 | -1.90 / -0.15% | | | 10-yr | 2.38% | +0.02 / +1.02% | | | Euro | $1.09 | -0.00 / -0.26% | | | |
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| News: What you need to know about the markets | | | | | | | Stocks calm; Disney earnings; Amazon announcement? | By Alanna Petroff
Tuesday, May 9th, 5:28am | | | | 1. Calm, cool and collected: Stock markets are extremely mellow right now. | | | | The CBOE Volatility Index -- better known as the Vix -- has dropped to its lowest level in more than a decade at 10 points. | | | | The index, often referred to as Wall Street's fear gauge, is a measure of volatility. It surged to nearly 90 during the global financial crisis. | | | | U.S. stock futures are steady after the Dow Jones industrial average and Nasdaq hit all-time highs on Monday. | | | | The S&P 500 is not far from the record level it reached in March. | | | | European markets are mostly higher. Asian markets are mixed. | | | | The CNNMoney Fear & Greed index, which looks at the Vix and six other indicators of market sentiment, is in neutral territory. | | | | Wall Street appears to be waiting for President Trump to unveil the specifics of his "massive" tax cut plan. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 2. Earnings: A range of companies are reporting earnings Tuesday. | | | | Allergan, Dean Foods, Duke Energy, Office Depot, SeaWorld Entertainment and Valeant Pharmaceuticals will report before the opening bell. | | | | Disney, News Corp., Fossil, NVIDIA, Priceline and TripAdvisor will release results after the close. | | | | 3. Stocks to watch -- Spirit Airlines, Amazon: Spirit Airlines is in the spotlight after it canceled multiple flights on Monday over what it called "unlawful labor activity" by some of its pilots. | | | | Spirit accused the Air Line Pilots Association of orchestrating an unlawful slowdown, leading to approximately 300 canceled flights over the past seven days. | | | | Amazon is set to unveil a new Echo device as early as Tuesday, according to the Wall Street Journal. | | | | The Amazon Echo is a speaker that plays music and performs small tasks based on verbal requests. The new version will reportedly incorporate video-calling features. | | | | 4. Another election: South Koreans are voting to choose a new president Tuesday amid concerns about the economy, corruption and their relationship with North Korea. | | | | The hasty election comes after Park Geun-hye, the country's first female president, was impeached in a corruption scandal that allegedly connected her to business giants Samsung and the Lotte Group. | | | | The Democratic Party's Moon Jae-in, who ran against Park and lost in 2012, has led most polls ahead of the vote. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Tuesday -- News Corp., Disney and SeaWorld earnings.
Wednesday -- Earnings from Snapchat's parent company Snap, 21st Century Fox and Whole Foods.
Thursday -- Kohl's and Macy's earnings; G7 finance ministers meet in Italy; EU spring economic forecast released; Bank of England rate decision.
Friday -- Retail sales and U.S. inflation data released; JCPenney earnings | | | | | | | |
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