Dow +1,25% S&P +0.94% NAsdaq +1.03% Russell +0.87%
Stocks rallied to new records on Wednesday with technology shares leading the charge. Wednesday's rally was a powerful statement from the bulls, who appeared to be out of gas on Tuesday following a resilient start to the year. Clearly, that wasn't the case. The S&P 500 has advanced in 9 of 11 sessions in 2018, adding 4.8%. The Nasdaq and the Dow have done even better, climbing 5.7% apiece. Each of the S&P 500's 11 sectors advanced on Wednesday with gains ranging from 0.3% to 1.6%. The technology sector, which is the heaviest group, was the top performer, finishing with a gain of 1.6%. US After Hours ESIO +22.9%, PTC +6%, PLXS -8%, AA -6.5%, SLM -2.7% following earnings/guidance. Asian stocks extended this year’s stellar run, led by gains in Hong Kong, amid optimism for global growth. Treasuries held losses on speculation Congress will avert a government shutdown.Chinese shares in Hong Kong added to their 2018 surge. South Korean and Taiwan equities also advanced, as did those in Australia and Japan. Technology shares were the best performers in the MSCI Asia Pacific Index. Bitcoinbounced back above $10,000, having dropped below the threshold for the first time since Dec. 1. Oil edged higher as OPEC showed increased determination to curb production.
Macro :
- Fed Districts: Economy Is Expanding at Modest to Moderate Pace
- Trump Says Russia Helping N. Korea Evade Sanctions: Reuters
- U.S. Earnings Growth May Be Approaching a Peak: Morgan Stanley
- Weiss to Issue First Bitcoin & Cryptocurrency Grades
Keep an eye on :
- AA US : Alcoa Earnings Disappoint, Packaging May Rebound: Materials Wrap
- AAPL US : Apple’s Cash Will Go to Buybacks, Not ‘Big’ M&A, Munster Says
- ARAMCO IPO : Aramco IPO Fees Are Said to Total Less Than 0.2% of Value: Rtrs
- ARWR US : Arrowhead Pharma Shares Are Said to Be Offered at $5.00-$5.25
- STS IM : Ansaldo Energia to carry out EUR 80m capital increase; cash likely to be used for buys
- ATC NA : Arcep:French Telcos to Spend ‘at Least’ EU3B on Mobile Coverage
- AUP CN : Aurinia Spikes; DealReporter Says It May Eye Sale After Data
- EN FP : Arcep:French Telcos to Spend ‘at Least’ EU3B on Mobile Coverage
- BLT LN : BHP Cuts Met Coal Forecast, Flags Charges at Escondida in 1H
- CA FP : Carrefour Full Year Sales Rise 2.7% at Constant Rates
- DB1 GY : Iran Central Bank Files Complaint vs Deutsche Boerse Unit
- DIS US : Rupert Murdoch Is Said to Have Been Hospitalized: Vanity Fair
- RF FP : Eurazeo Patrimoine Buys C2S Group From Bridgepoint
- FNAC FP : Fnac Darty to Add Warehouse in Belgian E-Commerce Push: De Tijd
- GKN LN : Melrose Bid for GKN Said to Get Backing From Standard Life
- GLEN LN : U.S. Is Said to Eye June Approval for Glencore/HNA Deal:Reuters
- ILD FP : Arcep:French Telcos to Spend ‘at Least’ EU3B on Mobile Coverage
- IWG LN : IWG Is Said to Rebuff Second Brookfield Bid at 280p/Share: FT
- IPN FP : Ipsen Says Onivyde+5-FU/LV Improved Overall Survival in Study
- IRV LN : Daily Mail: Ruthless hedge funds target Carillion rival: Interserve in firing line as fears spread
- MLNX US : Starboard to Nominate 9 Directors for Election at Mellanox
- ORA FP : Arcep:French Telcos to Spend ‘at Least’ EU3B on Mobile Coverage
- SAS NO : SAS to Pick Airbus Over Boeing for New Planes, E24 Reports
- SKY LN : U.K. Regulator to Publish Fox-Sky Initial Findings by Jan. 31
- SOI FP : SOITEC Sees FY Revenue Growth In Constant Currency About +25%
- STEF IM : Stefanel Says Cristiano Portas Named CEO
- SNH GY : Steinhoff in Talks for EU200MLN Rescue Loans: Finance Online
- TKA GY : Cevian Intensifies Criticism of Thyssenkrupp’s Structure: BZ
- UL NA : Unibail-Rodamco Gets Positive Opinion on Westfield Deal
- V US : Visa CEO Kelly Says Bitcoin Not ‘Payment System Player’: CNBC
- CSS FP : Vivarte to distribute Besson IMs next week
- WTB LN : Sachem Head Is Said to Push Whitbread to Consider Breakup: Rtrs