Dow+0.77% S&P+0.44% Nasdaq+0.04% Russell-0.23%
US market closed higher. The biotechnology ETF struggled from the get-go, but the group accelerated its decline after presidential candidate Hillary Clinton sent out a tweet saying she is ready to unveil a plan that would target price gouging among specialty drug makers. Today's selling dropped IBB below its 200-day moving average (347.36) to levels last seen at the start of September. financials (+1.1%) and technology (+1.0%) keeping the S&P 500 ahead of the Nasdaq Composite. It is worth pointing out that solid gains in large cap tech names like Apple (AAPL 115.21, +1.76), Google (GOOGL 666.98, +6.06), and Microsoft (MSFT 44.11, +0.63) masked the relative weakness in chipmaker names, Atmel (ATML 8.19, +0.92) bucked the trend, surging 12.7% after agreeing to be acquired by Dialog Semiconductor (DLGNF 41.25, -8.00) for $4.60 billion. Volume were light at 800mil shares. US After Hours VGGL +12.1%, THO -4.3%, RHT -0.2% following earnings/guidance...In Asia While Monday's losses were not entirely in the rearview most of Asia managed to recoup some gains as the US Fed's mixed signals (4th Fed member talked about a possible hike in 2015) create further confusion. Fed Chair Yellen's speech later this week should be highly watched as the markets look for a clear signal on policy. Though Fed fund futures see a hike in Oct 20th meeting at less than 25%.
Nikkei closed Hang Seng+1.11% Shanghai+0.98%
Eur$ 1.1197 CNY 6.3736 JPY 120.50 GBP 1.5510 EURCHF 1.0879 RUB$ 66.19 WTI $46.09 (-1.26%) GOLDS 1,133
S&P -0.13% EuroStoxx Dax SMI
Macro :
- Fed’s Lockhart Favors Interest-Rate Liftoff Later This Year
- Praet Says If ECB Objective at Risk, Will Do What Is Necessary
Keep an eye on :
- AF FP : Air France Wants to Cut Pilot Jobs 8% by 2017: AFP
- ALO FP : Alstom Seen as Preferred Bidder for Amtrak Project: Schumer
- ATE FP : Alten 1H Net Income EU45.3m vs EU33.7m
- AREVA FP : Mitsubishi Heavy May Invest in Areva Reactor Unit, Nikkei Says
- BBVA SM : BBVA Finanzia may attract bid from Apollo - Il Sole 24 Ore
- COX FP : Bausch + Lomb, Nicox Say FDA Accepts NDA Application for Vesneo
- EDF FP : EDF Seeks Major Presence in 3-5 Non-European Countries by 2030
- ING FP : Ingenico Says Talks on Worldpay Acquisition Failed
- RSA LN : RSA CEO Hester Says Company Not in Talks With Any Other Parties
- SDRL NO : Seadrill Gets Notice of Contract Cancellation for West Mira
- SN/ LN : traded higher on takeover talk, JNJ mentionned http://on.ft.com/1QVFR7u
- GLE FP : Societe Generale Plans to Cut 420 Jobs in France: Reuters
- SEV FP : Suez could pursue more deals in Australia following SembSita transaction - Australian Financial Review
- TIT IM : Tel. Italia Media: Shareholder Rep. Seeks Suspension of Merger
- FP FP : Total Needs to Raise Disposal Target, Exane BNP Paribas Says
- VK FP : Vallourec extends maturity of EUR 400m debt facilities via RCF
- VATT SS : Vattenfall Seeks Bidders for German Lignite Assets, Hydro Plants
- VOW3 GY : VW’s Winterkorn to Face Supervisory Board Sept. 23: Handelsblatt