1. China flexes: The world's second-largest economy grew 6.9% last year, beating analyst expectations. China's performance was helped by government stimulus and an improving environment for global trade.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +14.00 | | -3.75 | | +1.50 | | +0.05% | | -0.05% | | +0.05% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -104.97 | | +30.08 | | -25.77 | | 23,763.37 | | 3,474.75 | | 7,699.66 | | -0.44% | | +0.87% | | -0.33% | | | |
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| | | Biggest Winners | | Cognizant Technology Solutions Corp | +1.46% | | | | Celgene Corp | +0.92% | | | | Visa Inc | +0.79% | | | | Ford Motor Co | +0.66% | | | Biggest Losers | | Symantec Corp | -2.62% | | | | Comcast Corp | -1.75% | | | | Morgan Stanley | -0.63% | | | | Express Scripts Holding Co | -0.46% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | China GDP; U.S. shutdown threat; IBM earnings | By Alanna Petroff
Thursday, January 18th, 4:48am | | | | 1. China flexes: The world's second-largest economy grew 6.9% last year, beating analyst expectations. | | | | China's performance was helped by government stimulus and an improving environment for global trade. | | | | It's the first time since 2010 that China's official growth rate has bested the prior year. The economy grew 6.7% in 2016. | | | | Chinese stocks gained Thursday, with Hong Kong's Hang Seng hitting a record high. The Shanghai Composite rose to its highest level in over two years. | | | | 2. U.S. government shutdown risk: House Republican leaders are moving toward a vote Thursday to avoid a government shutdown. | | | | But it's unclear if GOP leaders have enough support to keep the government open. | | | | If Congress doesn't send a bill to the president approving more money by midnight on Friday, most federal agencies will be forced to stop operations. | | | | A shutdown could derail a major market rally. | | | | U.S. stock futures were soft ahead of the open. The Dow Jones industrial average, S&P 500 and Nasdaq all hit record highs on Wednesday. | | | | The Dow soared by 323 points yesterday to close above 26,000 for the first time. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 3. Earnings: Morgan Stanley will release earnings before the open, with American Express and IBM following after markets close. | | | | Investors will be watching earning to see how companies assess new U.S. tax rules. | | | | IBM, which has made a lot of money abroad, could report a big one-time hit because of a new tax on overseas earnings. | | | | American companies with global operations are expected to pay hundreds of billions of dollars on the overseas profits they've amassed in recent decades. | | | | But most companies say the tax changes are a good thing in the long run. | | | | Apple said Wednesday it would make a $38 billion tax payment in relation to new tax rules. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Thursday -- Morgan Stanley, IBM earnings
Friday -- January consumer sentiment report released by the University of Michigan | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $63.98 | +0.01 / +0.02% | | | Gold | $1,331.60 | -7.60 / -0.57% | | | 10-yr | 2.58% | +0.03 / +1.34% | | | Euro | $1.22 | +0.01 / +0.48% | | | |
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