1. Negative sentiment takes hold: US stock futures are pointing down again, indicating it could be another negative day on Wall Street. The Dow Jones industrial average and S&P 500 have declined for the past two consecutive days. The Nasdaq has ended down three days in a row.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -14.00 | | -2.75 | | +3.75 | | -0.06% | | -0.04% | | +0.14% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -234.37 | | +69.40 | | -71.15 | | 21,736.44 | | 3,268.56 | | 7,210.42 | | -1.07% | | +2.17% | | -0.98% | | | |
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| | | Biggest Winners | | TechnipFMC PLC | +6.33% | | | | Vertex Pharmaceuticals Inc | +1.34% | | | | Berkshire Hathaway Inc | +0.81% | | | | MasterCard Inc | +0.55% | | | Biggest Losers | | Newmont Mining Corp | -2.49% | | | | Walt Disney Co | -1.81% | | | | Texas Instruments Inc | -1.21% | | | | Perrigo Company PLC | -0.83% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Stock markets dip; Diesel ban ruling; Tobacco company suffers | By Alanna Petroff
Thursday, February 22nd, 4:59am | | | | 1. Negative sentiment takes hold: US stock futures are pointing down again, indicating it could be another negative day on Wall Street. | | | | The Dow Jones industrial average and S&P 500 have declined for the past two consecutive days. The Nasdaq has ended down three days in a row. | | | | European markets are also falling in early trading, with Germany's Dax index leading the way with a 1.1% drop. The Ifo business climate index released Thursday showed a considerable cooling in business sentiment in February. | | | | Most Asian markets ended the day in the red. But major Chinese indexes bucked the trend, closing higher on the first day of trading after a holiday. | | | | U.S. Treasury yields continue to sit near four-year highs around 2.9%, providing an increasingly tempting alternative to stocks. | | | | 2. Germany's diesel ruling: The highest court in Germany will rule later Thursday on whether big cities such as Stuttgart and Duesseldorf should introduce strict limits on diesel vehicles, or possibly outright bans. | | | | German drivers and automakers -- including Volkswagen, BMW and Mercedes Benz-maker Daimler -- have been bracing for bans in some cities due to growing concern about air pollution and its impact on health. | | | | About 40% of cars in Europe use diesel, according to the European Automobile Manufacturers' Association. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 3. Earnings: Chesapeake Energy, Gildan Activewear, Hormel Foods and JAKKS Pacific are releasing earnings before the open Thursday. | | | | Then GoDaddy, Herbalife, Hewlett Packard Enterprise, HP, Intuit, Planet Fitness, Red Robin Gourmet and Wingstop are set to release earnings after the close. | | | | 4. Market movers -- Qantas, Barclays, Ruger, British American Tobacco: Shares in Qantas soared by nearly 6% on Thursday after the Australian airline reported well-received half-year results. | | | | Shares in Barclays are also rising by about 5% in London as investors cheered the company's annual report. | | | | Shares in gun manufacturer Sturm Ruger are expected to dip a bit when trading opens in the US. The company said on Wednesday that net sales fell 27% in the fourth quarter of 2017, and profits were nearly cut in half. | | | | The company, which makes a wide variety of handguns and rifles, said weaker demand was partly to blame. | | | | One of the worst performers is British American Tobacco. Its stock is down by about 5% in London after the cigarette maker reported disappointing annual results. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Thursday — Hewlett Packard Enterprise and Chesapeake Energy earnings
Friday — Potbelly earnings | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $61.36 | -0.32 / -0.52% | | | Gold | $1,325.40 | -6.70 / -0.50% | | | 10-yr | 2.94% | +0.05 / +1.73% | | | Euro | $1.23 | +0.00 / +0.07% | | | |
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