Dow +0.44% S&P +0.45% Nasdaq +0.73% Russell +0.48%
US Market closed higher on record levels. technology (+0.9%) and financials (+0.4%) sectors led the stock market into positive territory at Tuesday's opening bell, but the tech group soon faded as several of its most influential components retraced their opening gains. Luckily, the financial sector teamed up with the consumer discretionary (+0.6%) and materials (+1.3%) groups during this time to help mitigate technology's influence on the broader market. We saw weakness within the consumer discretionary sector, but Amazon's (AMZN 980.79, +15.88) big advance of 1.7% did more than enough to outweigh their bearish influence.McDonald's (MCD 149.82, +1.35) also put together a solid performance, adding 0.9%, after the company's target price was raised to $175 from $165 at Bank of America/Merrill Lynch. energy sector (+0.7%) also finished ahead of the broader market, thanks in part to crude, WTI crude finished 0.7% higher at $46.43/bbl. VIX -10%. US after Hours HRB +10.3% following earnings/dividend increase, ALXN +3% after poaching BIIB -2% CFO. Asian equities were mixed, with solid gains in Australia and New Zealand offset by China, where markets weakened despite data showing resilience in retail sales and industrial output. The dollar held declines and Treasuries edged higher ahead of the Federal Reserve’s policy decision. China retail sales rose 10.7 percent year-on-year in May, in line with forecasts, while industrial production was up 6.5 percent versus an expected 6.4 percent. Japanese industrial production rose 5.7 percent in April from a year earlier and 4 percent month-on-month, matching estimates.
Nikkei +0.09% Hang Seng -0.19% CSI -1.19% Shanghai -0.67%
Eur$ 1.1217 CNH 6.7899 CNY 6.7964 JPY 110.05 GBP 1.2748 CHF 0.9685 RUB$ 56.9184 WTI$ 45.98 -1.03%
S&P -0.08% EuroStoxx +0.14% Dax+0.16% FTSE +0.05% SMI +0.07%
Macro :
- China May Industrial Output Rises 6.5%; Est. 6.4%
- EU Targets Derivative-Clearing Giants With Relocation Threat
- ECB Said Unlikely to Include Greece in QE in Coming Months
- Mnuchin Says He Wants to Unlock Burdensome Regs on Smaller Banks
- Australia to See More Elliott-BHP Style Activism: Credit Suisse
Keep an eye on :
- III LN : 3i Said to Consider Exiting its German Ferry Operator Scandlines
- AB1 GY : German Monopoly Commission Head Against Air Berlin Aid: Welt
- ADP FP : ADP Paris Airports May Passenger Traffic Climbs 2.8%
- ALBK ID : Ireland’s AIB Has Demand for All Shares on Offer in Stock Sale
- ALXN US : Alexion Names Biogen’s Paul Clancy CFO; Shares Rise (ALXN +3% BIIB-2% in after hours)
- BALTA BB : Balta Raises EU145m in IPO; Lone Star Sells EU58.6m of Stock
- BLT LN : BHP Billiton Needs Significant Upgrade in Directors: Elliott
- BMW GY : IBM Pairs With BMW to Market Connected Car Services: WSJ
- BP/ LN : BP Seeks to Expand Spanish Gas Station Network: Expansion
- BSLN SW : Basilea in Pact With Avir Pharma for Distribution in Canada
- BPM PL : Banco BPM Sells Bad Loans Valued at EU693m to Algebris
- BOSN SW : Bossard Sees 1H Net Income More Than 30% Above Year Earlier
- NXT FP : BNP Paribas, Societe Generale to Sell 4.4 Mln Euronext Shares
- FCA IM : Fiat Diesels Spew More Pollution Than Allowed, Researchers Say
- GEM LN : Gemfields in Talks With Fosun Gold Over Possible Competing Offer
- SHBA SS : Handelsbanken Raises Finnish 2017 GDP Forecast to 2.7% vs 1.8%
- ITX SM : Inditex 1Q Net Income Misses Est.
- ITM IM : Italmobiliare to Buy 40% of Tecnica Group for About EU60m
- EGL PL : Mota-Engil Wins $210m Contract in Guinea for Mining Services
- LSS FP : Lectra Chairman Andre Harari to Sell 16.6% Stake via Placing
- NVDA US : Nvidia EPS, Sales Ests. Raised on Higher Switch Units: Goldman
- POP SM : Banco Popular Report Criticized by Banking Inspectors: Expansion
- POP SM : U.S. Law Firms Prepare Claims Against Popular: Expansion
- RYA LN : Ryanair Said in Talks to Order Boeing 737 Max 10: Reuters
- STR AV : Kapsch, Strabag to Bid for German Road Toll Tender, Kurier Says
- STMN SW : Straumann Acquires 35% Non-Controlling Stake in Rapid Shape
- TELIA SS : Telia Said to Weigh Stake Sale in Russia’s MegaFon
- TSLA US : Tesla Can’t Escape Consumer Claims Over Sudden Acceleration
- VOW3 GY : VW Faces Combined U.K., Netherlands Diesel Claims: Telegraph