1. Trade fears subside: Stocks moved higher on Tuesday as worries over a global trade war diminished. Investors had been nervous about new steel tariffs -- and supercharged trade rhetoric -- that have come out of the Trump administration in recent days.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +127.00 | | +41.00 | | +10.50 | | +0.51% | | +0.60% | | +0.39% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +375.67 | | +32.72 | | +68.64 | | 21,417.76 | | 3,289.64 | | 7,184.62 | | +1.79% | | +1.00% | | +0.96% | | | |
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| | | Biggest Winners | | NetApp Inc | +4.81% | | | | Mylan NV | +3.03% | | | | Chesapeake Energy Corp | +2.24% | | | | Deere & Co | +1.80% | | | Biggest Losers | | Perrigo Company PLC | -0.62% | | | | Ford Motor Co | -0.38% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Stocks surge; Geneva Motor Show; Saudi Aramco comes to Texas | By Alanna Petroff
Tuesday, March 6th, 5:02am | | | | 1. Trade fears subside: Stocks moved higher on Tuesday as worries over a global trade war diminished. | | | | Investors had been nervous about new steel tariffs -- and supercharged trade rhetoric -- that have come out of the Trump administration in recent days. | | | | On Monday, House Speaker Paul Ryan and other top Republicans broke with the White House, saying they were worried about the economic consequences of the trade actions. | | | | US stock futures were higher ahead of the open. | | | | European markets rose in early trading, with some indexes adding more than 1%. Most Asian markets ended the day with gains of 1% to 2%. | | | | The Dow Jones industrial average, S&P 500 and Nasdaq all increased between 1% and 1.4% on Monday. | | | | 2. Geneva Motor Show revs up: Automakers are descending on Geneva for one of the biggest auto shows of the year. | | | | The event could be overshadowed by talk about how US steel tariffs and retaliatory trade moves would impact automakers. | | | | Goldman Sachs estimates that President Donald Trump's steel tariff could cost Ford and General Motors $1 billion a year. | | | | Trump has also threatened to hit cars made in Europe with a new tax. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 3. What to watch -- Nordstrom, Saudi Aramco: Shares in Nordstrom could be on the move after the retail giant rejected a takeover offer from the Nordstrom family. | | | | The family's offer of $50 per share was "inadequate," the company said in a statement. | | | | The CEO of Saudi Aramco will speak at an energy conference in Houston at 9:50 a.m. ET. | | | | The Saudi Arabian oil company is looking to list a small portion of its shares on stock markets this year. Global exchanges are competing to land the massive listing. | | | | 4. Earnings: Cars.com and Target will publish earnings before the open. H&R Block and Urban Outfitters will follow after the close. | | | | Lego released annual results that showed a 8% decline in revenue for 2017. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Tuesday — Target, H&R Block, Urban Outfitters earnings
Wednesday — Costco, Dollar Tree earnings
Thursday — Kroger earnings; Trans-Pacific Partnership Agreement set to be signed in Santiago de Chile
Friday — US monthly jobs report | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $62.86 | +0.29 / +0.46% | | | Gold | $1,325.10 | +5.20 / +0.39% | | | 10-yr | 2.88% | 0.00 / 0.00% | | | Euro | $1.23 | +0.00 / +0.11% | | | |
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