Dow -0.67% S&P -0.67% Nasdaq -0.52% Russell -0.62%
Stocks retreated from record highs on Monday as investors took some profits following four weeks of nearly nonstop gains and ahead of a busy week that will feature President Trump's first State of the Union address (Tuesday), the Fed's latest policy directive (Wednesday), the Employment Situation Report for January (Friday), and a host of tech earnings.
11 of 11 sectors declined on Monday, with the top-weighted technology group (-0.9%) showing relative weakness. Apple (AAPL 167.96, -3.55) lost 2.1% after the Nikkei Asian Review reported over the weekend that the tech giant plans to slash its iPhone X production for the first quarter by 50% following a disappointing holiday season. Conversely, Twitter (TWTR 25.18, +0.91) jumped 3.8% after Fox Business reporter Charlie Gasparino tweeted that the company is trying to sell itself. Equities fell across Asia and U.S. stock-index futures retreated as a selloff in government bonds deepened and investors took profits after one of the best starts to a year in recent history. The dollar edged higher after Monday’s decline and oil dropped for a second session. Stocks in Japan, Hong Kong and Australia retreated after the S&P 500 Index declined from a record high. Treasuries extended a retreat that’s taken yields to the highest since 2014, as traders gear up for a hectic week of economic data and the last Federal Reserve policy decision with Janet Yellen at the helm. The yen climbed and sterling fell for a second day.
Nikkei -1.43% Hang Seng -1.22% CSI -1.17% Shanghai -1.07% Shenzen -0.65%
Eur$ 1.2351 CNH 6.3439 CNY 6.3352 JPY 108.74 GBP 1.4015 CHF 0.9386 RUB 56.2520 WTI$ 64.86 -1.02%
S&P -0.35% EuroStoxx -0.52% FTSE -0.52% Dax -0.74% SMI -0.31%
Macro :
- UK Growth Will Slow in 2018 Due to Brexit Uncertainty: Moody’s
Keep ane eye on :
- ALFA SS : Alfa Laval Fourth Quarter Pretax Profit Beats Estimates
- ALO FP : Alstom CFE-CGC Rep Says Union Will Vote Against Siemens Deal
- ALT FP : Altice Intends to Cut Share Capital by Cancelling Treasury Shrs
- AOX GY : Alstria Successfully Places 15.3 Million New Shares
- ASH US : Ashland Prelim. 1Q Sales Beat Estimates; Reaffirms Year Outlook
- CS FP : Le Maire to Meet Insurers Tuesday on French Floods
- CLLN LN : Carillion, Ex-Directors May Face Sanctions on Pensions:Telegraph
- ELIS FP : Elis Full Year Revenue Misses Estimates
- ERICB SS : Ericsson LM Top Holder Cevian Boosted Stake to 9.06% From ~8.05% --> Cevian Sees More Than 20% Upside Potential in Ericsson, SVD Says
- GAS SM : Gas Natural, Funds Dispute Distribution Charge Cut: Expansion
- GE US : GE Gains as Gabelli Says He’s Buying, Praises Management Team
- HEIA NA : Heineken Espana Is Said to Prepare Layoffs: Expansion
- HFG GY : HelloFresh Sees 2017 Revenue EU902-905m vs Est. EU874m (5 Ests)
- IPH FP : Innate Pharma Says in Clinical Trial Pact With MedImmune
- ITP FP : Interparfums Sees Full Year Revenue EU430 Mln
- BAER VX : Julius Baer CEO Said to Plan Acquisitions, FT Reports
- KTM AV : KTM Industries Full Year Ebit EU132.5 Mln
- LDO IM : Leonardo’s Profumo Sees Continued Growth for DRS in U.S.: Sole
- LUX IM : Luxottica 4Q Shows Progress, LensCrafters Challenged: Jefferies
- BAER VX : Julius Baer to Redeem CHF250m of Bonds With 5.375% Coupon
- KN FP : Natixis Appoints Daniel Louis Head of Strategy
- PHIA NA : Philips Fourth Quarter Adjusted Ebita 1.6% Below Estimates
- PNL NA : WorldQuant Takes Short Position of 0.57% in PostNL: AFM
- PUB FP : Publicis Says Microsoft to Build Its AI Platform ‘Marcel’
- RIO LN : Rio Sale of Grasberg Stake Increasingly Likely, Deutsche Says
- SFL IM : Safilo Says HAL Has No Intention of Changing Shareholding in Co.
- SAP GY : SAP Sees 2018 Non-IFRS Rev EU24.6B-EU25.1B, Repeats 2020 Targets
- SAP GY : SAP to Buy CallidusCloud at Enterprise Value of About $2.4B
- SAP GY : SAP Comments on IFRS 15 Revenue Accounting Policy Adoption
- SAS SS : SAS Postpones AGM as Chairman Search Continues
- SGRE SM : Siemens Gamesa to Cut 133 Jobs From Miranda Del Ebro Factory
- TIT IM : Telecom Italia Is Said to Detail Network Spinoff Proposal
- UHR SW : Swatch FY Oper. Profit CHF1b vs Est. CHF990m; Positive Outlook