1. Market perspective: It's been a wild December on Wall Street. There are a handful of trading days left before New Year, but it's worth taking stock following a major US rally that helped the S&P 500 dodge a bear market.
|
 |
| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -385.00 | | -121.75 | | -42.25 | | -1.68% | | -1.94% | | -1.71% | | | |
| |
| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +750.56 | | -15.21 | | -53.85 | | 20,077.62 | | 2,483.09 | | 6,632.14 | | +3.88% | | -0.61% | | -0.81% | | | |
| |
| Biggest Winners | | Carnival Corp | +0.74% | | | | Capital One Financial Corp | +0.26% | | | Biggest Losers | | Perrigo Company PLC | -3.64% | | | | Union Pacific Corp | -2.96% | | | | Adobe Inc | -2.89% | | | | Western Digital Corp | -2.76% | | | | | | | | |
| |
| |
| |
| News: What you need to know about the markets | | | | | | | US futures down; India and Amazon; Investor nerves | | By Charles Riley, CNN Business | | | | 1. Market perspective: It's been a wild December on Wall Street. | | | | There are a handful of trading days left before New Year, but it's worth taking stock following a major US rally that helped the S&P 500 dodge a bear market. | | | | The Dow rose 1,086 points on Wednesday, gaining 5%. The S&P 500 soared 5% and the Nasdaq added 5.8%. | | | | The banner performance helped US stocks claw back some of their declines since the start of the month, but the Dow is still down roughly 10% in December. The Nasdaq and S&P 500 are sitting on losses in the same range. | | | | There were signs early Thursday that Wall Street could be in for another punishing day. US stock futures were sharply lower, and global markets were mixed. | | | | 2. Walmart and Amazon in India: The Indian government has tightened foreign investment rules for e-commerce retailers, dealing a blow to Amazon (AMZN) and Walmart (WMT). | | | | The Ministry of Commerce and Industry said in a statement that it will prohibit online retailers from selling products manufactured or marketed by companies in which they have an equity stake. | | | | The changes also bar online retailers from entering into exclusive partnerships with a seller. The changes will take effect February 1. | | | | "We are evaluating the circular at the moment," said an Amazon spokesperson. Flipkart, which is owned by Walmart, did not immediately respond to a request for comment. | | | | 3. Gatwick sold: French construction group Vinci said Thursday that it will pay £2.9 billion ($3.7 billion) for a 50.1% stake in London's Gatwick Airport. | | | | Gatwick, which was forced to halt flights before Christmas because of drone sightings, is the eighth busiest airport in Europe. In Britain, only Heathrow handles more passengers. | | | | 4. Global market overview: Hong Kong's Hang Seng and the Shanghai Composite shed more than 0.6% after weak Chinese industrial data highlighted the difficulties the world's second largest economy is facing. | | | | European markets were in the red on their first day of trading since Monday. US crude oil prices were down 2% after a big jump on Wednesday. | | | | Investors still have plenty of reasons to be nervous about stock markets. | | | | "To call for a bottom, we need at least a couple of days of strength, not just in price, but also in trading volume, breadth of the market," said Hussein Sayed, chief market strategist at online broker FXTM. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | | | | |
| | | | | | Thursday — US government shutdown enters 5th day
Friday — Pending home sales for November | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $45.46 | -0.76 / -1.64% | | | Gold | $1,274.70 | +1.70 / +0.13% | | | 10-yr | 2.80% | +0.05 | | | Euro | $1.14 | +0.00 / +0.36% | | | |
| |
Hi, let us know what you
think of this newsletter! | | | Tell us what you want to read more of... and less of.
Email your tips and feedback to BeforeTheBellFeedback@cnn.com | | |
| |
| |
| | Tips, thoughts or questions are always welcome at
BeforeTheBellFeedback@cnn.com. | | | ® © 2018 Cable News Network Inc.
A WarnerMedia Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNN Business's "Before The Bell" newsletter.
Our Mailing address is:
Cable News Network, Inc.
Attention: Privacy Policy Coordinator
One CNN Center, 13 North
Atlanta, GA 30303 | | | | |
No comments:
Post a Comment