1. Wild stocks: It's been a week of absolute shock and awe on global markets. What's next? U.S. stock futures indicate that markets are poised to rebound Friday following a brutal trading session that saw the Dow lose over 1,000 points.
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Where U.S. stocks are heading | | Dow Futures | | Nasdaq Futures | | S&P Futures | +99.00 | | +35.75 | | +14.25 | +0.41% | | +0.57% | | +0.55% | | | |
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| Japan | | China | | U.K. | Nikkei 225 | | Shanghai Composite | | FTSE 100 | -508.24 | | -132.20 | | -18.23 | 21,382.62 | | 3,129.85 | | 7,152.46 | -2.32% | | -4.05% | | -0.25% | | | |
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| Biggest Winners | NVIDIA Corp | +11.52% | | TechnipFMC PLC | +2.41% | | Advanced Micro Devices Inc | +2.32% | | Applied Materials Inc | +2.23% | | Biggest Losers | Wynn Resorts Ltd | -2.25% | | Air Products and Chemicals Inc | -0.39% | | | | | | | |
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News: What you need to know about the markets | | | | Wild stocks; Shutdown drama; Walmart looks to India? | By Alanna Petroff Friday, February 9th, 4:57am | | 1. Wild stocks: It's been a week of absolute shock and awe on global markets. What's next? | | U.S. stock futures indicate that markets are poised to rebound Friday following a brutal trading session that saw the Dow lose over 1,000 points. | | The Dow, S&P 500 and Nasdaq have lost between 8% to 9% over the past five trading days, erasing all the gains made in 2018. | | Investor concerns about inflation have contributed to the volatility. | | The market turmoil follows a prolonged period of booming stock prices with virtually no sharp declines. Market analysts had warned that a pullback was overdue. | | 2. Global stock markets: After turmoil in the U.S. and Asia, stock markets in Europe managed to find steadier footing. | | European markets posted only modest losses in early trading. London's FTSE 100 and Germany's DAX were down about 0.4%. | | Things were a lot uglier in Asia, where stocks dropped roughly 2% in Tokyo, 3% in Hong Kong and 4% in Shanghai. | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | 3. Another government shutdown: The U.S. government has shut down for the second time in 2018. | | It could be a short one: The Senate approved a two-year budget deal in the early hours of Friday morning that would re-open the federal government. Now the House of Representatives will have to vote. | | The massive budget deal and government funding package is expected to pass by Friday, but congressional negotiators were scrambling all day Thursday to lock in enough votes in the House. | | 4. Stock market movers -- Nvidia, Expedia: Two of the biggest movers in the U.S. could be Nvidia and Expedia. | | Shares in Nvidia are set to surge by about 9% after the company reported better-than-expected earnings on Thursday afternoon. | | Shares in Expedia were poised to fall by 19% after the company's earnings missed expectations. | | 5. Earnings: It's a light day for earnings. PG&E and Moody's are the two key firms reporting results before the opening bell. | | 6. Walmart looks east?: Walmart could be looking to invest in India's biggest online retailer, Flipkart. | | Bloomberg and other news outlets have reported the U.S. retailer is considering investing billions for a minority stake in the company. | | Flipkart said it would "not comment on rumors or speculations." Walmart did not immediately respond to a request for comment. | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | |
| | | Friday -- PyeongChang 2018 Winter Olympics begins; Apple's HomePod goes on sale | | | | | | |
Key Market Stats | Latest | Today's Change | | Oil | $60.48 | -0.67 / -1.10% | | Gold | $1,316.70 | -2.30 / -0.17% | | 10-yr | 2.85% | +0.01 / +0.25% | | Euro | $1.23 | -0.00 / -0.05% | | | |
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