1. Energy giants: Investors will get earnings from U.S. oil heavyweights ExxonMobil and Chevron before the opening bell. Big Oil, which has been under pressure from low crude prices, has largely missed out on this year's market rally. ExxonMobil shares have fallen by about 8% in 2017, while Chevron has inched up by less than 1%.
|
 |
| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +43.00 | | +33.75 | | +6.40 | | +0.18% | | +0.55% | | +0.25% | | | |
| |
| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +268.67 | | +9.25 | | +18.89 | | 22,008.45 | | 3,416.81 | | 7,505.39 | | +1.24% | | +0.27% | | +0.25% | | | |
| |
| | | Biggest Winners | | Align Technology Inc | +10.85% | | | | Amazon.com Inc | +7.67% | | | | Akamai Technologies Inc | +7.31% | | | | Amphenol Corp | +6.32% | | | | | | |
| |
| |
| News: What you need to know about the markets | | | | | | | Big Oil earnings; $20 billion merger crumbles; U.S. GDP | By Alanna Petroff
Friday, October 27th, 4:36am | | | | 1. Energy giants: Investors will get earnings from U.S. oil heavyweights ExxonMobil and Chevron before the opening bell. | | | | Big Oil, which has been under pressure from low crude prices, has largely missed out on this year's market rally. ExxonMobil shares have fallen by about 8% in 2017, while Chevron has inched up by less than 1%. | | | | A Harvard study published in August found that Exxon "misled the public" on climate change for nearly 40 years. The same month, a number of Exxon's refineries went offline because of Hurricane Harvey. | | | | In September, San Francisco and Oakland filed lawsuits demanding that Exxon, Chevron and other companies pay billions to protect the coastal cities from rising sea levels. The following week, Chevron announced that its CEO would step down next year. | | | | Other companies reporting results Friday morning include Goodyear Tire and Merck. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 2. Stock market movers: Shares in Amazon and Microsoft are shooting higher premarket after the firms reported better-than-expected profits. | | | | Mattel, Baidu and Expedia shares are expected to slump. | | | | Mattel announced it's suspending its quarterly dividend in order to free up cash. Its global sales have dropped 13%. | | | | Aetna shares spiked 12% late on Thursday after the Wall Street Journal reported that it's in talks to be purchased by CVS Health. Investors will be keeping an eye on any further developments. Both companies declined to comment. | | | | 3. Things fall apart: Swiss chemicals giant Clariant and its U.S. rival Hunstman have decided to abandon their $20 billion merger following a shareholder revolt. | | | | The companies said in a joint statement that they would not join forces because of doubts that Clariant would get the backing of enough investors to push the deal through. | | | | The deal's termination marks a major win for top Clariant shareholder White Tale Holdings -- a partnership between hedge funds Corvex and 40 North -- that had opposed the merger. | | | | 4. Economy check-up: The U.S. Bureau of Economic Analysis will release its estimate of third quarter GDP at 8:30 a.m. ET. | | | | Analysts expect slowed growth than the annual rate of 3.1% posted in the second quarter. | | | | 5. Global market overview: U.S. stock futures were higher. | | | | European markets posted gains in early trading. Japan's Nikkei posted a 1.2% increase to lead most Asian markets higher. | | | | The Dow Jones industrial average added 0.3% on Thursday, while S&P 500 gained 0.1% and the Nasdaq dipped 0.1%. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | | Friday -- ExxonMobil, Chevron and Merck earnings; GDP Q3 estimate released | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $52.56 | -0.08 / -0.15% | | | Gold | $1,268.60 | -1.00 / -0.08% | | | 10-yr | 2.45% | +0.01 / +0.33% | | | Euro | $1.16 | -0.00 / -0.22% | | | |
| |
Hi, let us know what you
think of this newsletter! | | | Tell us what you want to read more of... and less of.
Email your tips and feedback to BeforeTheBellFeedback@cnn.com | | |
| |
| |
| |
| | Tips, thoughts or questions are always welcome at
BeforeTheBellFeedback@cnn.com. | | | ® © 2017 Cable News Network Inc.
A Time Warner Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNNMoney's "Before The Bell" newsletter.
Our Mailing address is:
Cable News Network, Inc.
Attention: Privacy Policy Coordinator
One CNN Center, 13 North
Atlanta, GA 30303 | | | | |
No comments:
Post a Comment