1. Global market overview: The recovery rally continues. European markets gained about 1% in early trading and Asian markets posted sizable gains. The Hang Seng in Hong Kong shot up by 2%.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +238.00 | | +40.50 | | +14.25 | | +0.96% | | +0.61% | | +0.53% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +310.81 | | +14.20 | | +42.72 | | 21,464.98 | | 3,199.16 | | 7,256.69 | | +1.47% | | +0.45% | | +0.59% | | | |
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| | | Biggest Winners | | TripAdvisor Inc | +17.88% | | | | CenturyLink Inc | +8.36% | | | | Cisco Systems Inc | +7.29% | | | | Schlumberger NV | +2.47% | | | Biggest Losers | | NetApp Inc | -8.48% | | | | Patterson Companies Inc | -1.90% | | | | Hilton Worldwide Holdings Inc | -1.00% | | | | Under Armour Inc | -0.11% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Stocks rally; Buffett bets; TripAdvisor takes flight | By Alanna Petroff
Thursday, February 15th, 5:11am | | | | 1. Global market overview: The recovery rally continues. | | | | European markets gained about 1% in early trading and Asian markets posted sizable gains. The Hang Seng in Hong Kong shot up by 2%. | | | | U.S. stock futures were also moving higher. | | | | U.S. stocks have advanced in four consecutive trading sessions, recovering from a major drop last week. The Dow rose 1% on Wednesday, the S&P 500 added 1.3% and the Nasdaq gained 1.9%. | | | | Meanwhile, the U.S. dollar continued to weaken on Thursday. | | | | "The biggest single factor undermining the dollar this year has been the improvement in the global economy -- a more balanced economic recovery drags investment away from the U.S. and towards more interesting markets," said Kit Juckes, a market strategist at Societe Generale. | | | | 2. South Africa surge: South Africa's benchmark stock index surged 3.6% following the resignation of President Jacob Zuma. | | | | A slew of corruption scandals had led the ruling African National Congress party to publicly demand Zuma's resignation. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 3. The Buffett effect: Shares in Teva Pharmaceutical added 8% in Tel Aviv after it was revealed that Warren Buffett's Berkshire Hathaway had taken a $358 million stake in the company. | | | | The generic drug maker fills about one in six generic prescriptions in the U.S. | | | | Berkshire Hathaway also dumped almost all its IBM stock over the last three months. Buffett's company sold 35 million shares, leaving it with about 2 million. | | | | 4. Massive tech deal?: Qualcomm said in a statement on Wednesday that its leadership had met with execs from Broadcom to discuss their takeover offer. | | | | If completed, the deal would tie up two complementary chipmaking behemoths. | | | | 5. Market movers -- TripAdvisor, Cisco, Airbus: Shares in TripAdvisor and Cisco Systems are set to rally after both companies reported well-received earnings after the bell on Wednesday. | | | | Airbus stock is surging by about 10% in Europe after the airplane manufacturer reported its full-year results. | | | | 6. Earnings: The key companies reporting earnings on Thursday include CBS and Shake Shack. Both will report after the closing bell. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Thursday — CBS earnings
Friday — Earnings from Coca-Cola, Campbell Soup, Kraft Heinz, Smucker, Newell Brands and Deere | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $60.82 | +0.22 / +0.36% | | | Gold | $1,353.50 | -4.50 / -0.33% | | | 10-yr | 2.91% | +0.07 / +2.57% | | | Euro | $1.25 | +0.00 / +0.07% | | | |
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