1. The Trump rally: It's been a full year since Americans picked Donald Trump to be their next president. And it's been a fantastic 12 month for stocks: The S&P 500 has soared over 20% since Election Day in 2016, its third-best performance during a president's first year since World War II, according to Sam Stovall of CFRA Research. The Nasdaq and Dow have have gained roughly 30% over the same period.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -6.00 | | +1.50 | | -1.25 | | -0.03% | | +0.02% | | -0.05% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -23.78 | | +1.89 | | +1.43 | | 22,913.82 | | 3,415.46 | | 7,514.54 | | -0.10% | | +0.06% | | +0.02% | | | |
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| | | Biggest Winners | | DXC Technology Co | +2.79% | | | | Electronic Arts Inc | +1.88% | | | | Celgene Corp | +1.58% | | | | Realty Income Corp | +1.39% | | | Biggest Losers | | Viacom Inc | -3.15% | | | | Advanced Micro Devices Inc | -1.33% | | | | Twenty-First Century Fox Inc | -0.90% | | | | HanesBrands Inc | -0.58% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Trump rally; Fox earnings; Pound under pressure | By Ivana Kottasová
Wednesday, November 8th, 4:55am | | | | 1. The Trump rally: It's been a full year since Americans picked Donald Trump to be their next president. | | | | And it's been a fantastic 12 month for stocks: The S&P 500 has soared over 20% since Election Day in 2016, its third-best performance during a president's first year since World War II, according to Sam Stovall of CFRA Research. The Nasdaq and Dow have have gained roughly 30% over the same period. | | | | Stocks have continued to power higher even though President Trump has struggled to move his legislative agenda through Congress. | | | | Will the rally continue? U.S. stock futures were flat on Wednesday. | | | | Trump, who is in the middle of a lengthy tour of Asia, may face a tougher road ahead. Democrats won races large and small in Tuesday's election, starting with the New Jersey and Virginia governor's races. | | | | 2. Fox reports: 21st Century Fox will release its latest earnings after the closing bell on Wednesday. | | | | The report comes at interesting time for Fox. Its shares jumped on Monday after a report revealed the company had recently been in talks to sell most of its assets to Disney. | | | | It's also sorting through a complicated deal in the U.K., where regulators are reviewing its proposed $15 billion takeover of Sky. | | | | Sky warned on Tuesday that it could shut down Sky News if the deal is not approved. | | | | 3. Global market overview: European markets were mixed following a similar result in Asia. | | | | The British pound fell against other major currencies as a series of controversies engulfed Prime Minister Theresa May's fragile government. | | | | The most urgent flap involves international development secretary Priti Patel and unauthorized meetings that she held with Israeli officials. | | | | In the U.S., the Dow Jones industrial average closed at a record high on Tuesday. The Nasdaq dropped 0.3% while the S&P 500 was flat. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 4. Earnings and economics: Cars.com, Energizer, Humana, MGM Resorts, TEGNA, Vitamin Shoppe, and Wendy's will release earnings before the open Wednesday. | | | | CenturyLink, Papa Murphy's, Roku, and Tribune Media will follow after the close. | | | | A report on crude inventories is set to be released at 10:30 a.m. ET. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Wednesday -- First anniversary of the presidential election
Thursday -- Nordstrom, Macy's, Disney and News Corp earnings
Friday -- Consumer confidence survey | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $57.03 | -0.17 / -0.30% | | | Gold | $1,281.20 | +5.40 / +0.42% | | | 10-yr | 2.31% | -0.01 / -0.56% | | | Euro | $1.16 | +0.00 / +0.00% | | | |
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