Dow -0.29% S&P-0.67% Nasdaq -0.82% Russell -1.07%
US MArket Closed lower. WTI crude closed 2.1% lower at a price of $43.53 per barrel and weighted on the market. Energy Sector -1.3%. Cyclicals Struggle, Consumer dis. (-1.3%) & Industrials (-1.2%) closed at the bottom of leader board. top-weighted technology (-0.8%) and financials (-0.8%) sectors finished just a tick behind the broader market with just a handful of components managing to settle in the green. heavily-weighted health care sector (+0.3%) settled at the top of the day's leaderboard, thanks in large part to the outperformance of the biotechnology industry. lightly-weighted utilities group (+0.1%) also managed to settle in the green, but the remaining defensive-oriented sectors--consumer staples (-0.4%) and telecom services (-1.0%)--finished in the red. Fed Vice Chair Stanley Fischer (FOMC voter) and Boston Fed President Eric Rosengren (non-FOMC voter) both commented on the potential downside of keeping interest rates too low for too long. Mr. Fischer focused on the risks to the housing market while Mr. Rosengren discussed the effects on the overall financial system. USAfter Hours LZB +13%, RHT +10%, ADBE +4%, FDX +1% following earnings/guidance, CA +14% on potential M&A deal, GIGA +17% on earnings/strategic alternatives news... Argentina ADRs lower on MSCI news...UPS +1.2% on FDX numbers. Asian shares retreated and the yen strengthened as crude oil tumbled into a bear market on concern a global supply glut will persist. Shanghai equities were muted after MSCI Inc. added China’s domestic stocks to its emerging-markets index.
Nikkei -0.45% Hang Seng -0.45% CSI +0.38% Shanghai +0.02%
Eur$ 1.1130 CNH 6.8319 CNY 6.8320 JPY 111.25 GBP 1.2629 CHF 0.9748 WTI$ 43.56 -0.06%
S&P -0.13% EuroStoxx -0.31% Dax -0.31% FTSE -0.33% SMI -0.37%
Macro:
- MSCI to Include China A Shares in MSCI Emerging Markets Index
- Saudi King Names His Son as Heir to Throne in Palace Shakeup
- IMF’s Lagarde Met W/ Ukraine President Poroshenko: IMF Spokesman
- WTI Crude Enters Bear Market, Falling 21% From February High
- New European Regulations Will Boost ETF Market, WisdomTree Says
- Uber Chief Travis Kalanick Resigns From Ride-Sharing Startup
Keep an eye on :
- AB1 GY : Air Berlin Won’t Apply for State Aid, CEO Tells Tagesspiegel
- AIR FP : Airbus Orders Never Been as High, Bregier Tells Radio Classique
- AIR FP : Airbus, Emirates in Talks for 12 A380plus, La Tribune Says
- AIR FP : German Audit Court Advises Against Airbus A400M Purchase: Bild
- BMC US : BMC Software, CA Said to Weigh Deal to Combine, Take CA Private
- CLVS US : Clovis Oncology Prices 3.41m Shares at $88 in Upsized Offering
- COLR BB : Colruyt FY Ebit Misses Ests. on French Impairment, Depreciation
- DBK GY : Deutsche Bank Has Started Spanish Unit Sale: Confidencial
- DTE GY : Deutsche Telekom Sells Scout24 Stake to Institutional Investors
- DTE GY : T-Mobile Preparing Merger With Sprint, Handelsblatt Reports
- ERIC SS : Ericsson Said to Hire Banks to Explore Sale of Media Businesses
- EUCAR FP : Europcar to Issue Maximum 14.6m Shares in Private Placement
- ERSC FP : Gecina to Buy Eurosic for 51 Euros a Share Cash --> 24.5% Premium
- HNB NO : Hafslund Shareholder KLP Sees Value Higher Than Bid Price: FA
- NOVN VX : Novartis Gets EMA Filing Acceptance for Migraine Drug Erenumab
- NOVOB DC : Novo Nordisk’s Victoza Heart Benefit Claim Backed by FDA Panel
- SCC CN : Sears Canada Is Said to Seek Creditor Protection in Coming Weeks
- SHP LN : Shire’s Once-a-Day ADHD Treatment Wins FDA Approval
- FP FP : Total Says 52% Of Rights Exercised To Receive Dividends in Shrs
- UNICAJA BANCO : Unicaja Banco Says IPO Has Demand for All Shares Offered
- VATT SS : Vattenfall Chairman Sees Possibility for Dividend, SvD Says
- VIE FP : Veolia Water France Plans Job Cuts as Part of Strategic Plan
- VIV FP : Vivendi’s Dailymotion to Offer Premium Content to 18-49 Group
- VOLVB SS : Volvo Cars to Make Polestar Separate Electrified Brand
- ZAL GY : Zalando Falls After Amazon Announces New Fashion Platform