Dow -1.37% S&P -1.09% Nasdaq -0.86% Russell -0.96%
U.S. equities tumbled for the second day in a row on Tuesday, with health care and energy shares leading the retreat, as investors took another round of profits following solid gains over the first four weeks of 2018--the S&P 500's best start to a year since 1987.10 of 11 sectors finished Tuesday in the red. The heavily-weighted health care group showed particular weakness, losing 2.1%, after Amazon (AMZN 1437.82, +20.14), Berkshire Hathaway(BRK.A 323000, -499), and JPMorgan Chase (JPM 115.11, -1.09) announced that they're forming a company focused on reducing health care costs for their U.S. employees. Health care providers like UnitedHealth (UNH 236.65, -10.76), Anthem (ANTM 243.44, -13.58), and Cigna (CI 207.89, -16.01) lost between 4.4% and 7.2% in reaction to the announcement. energy sector was especially weak, losing 2.0%, as the price of crude oil declined for the second consecutive session; West Texas Intermediate crude futures dropped 1.6% to $64.54 per barrel and now sit about 2.5% below the three-year high they touched last Friday. US After Hours SFLY +18% following earnings/acquisition news, KNX +8% / EA +6% higher and JNPR -9.4% / ALGN -3% lower following earnings/guidance. Asian stocks reversed earlier gains to trade lower as investors continued to mull the implications of the recent run-up in bond yields. The dollar slipped after President Donald Trump delivered his first State of the Union speech in Washington. The MSCI Asia Pacific Index declined for a third session led by industrial, energy and real estate shares. Equities in Australia and Hong Kong advanced while those in Japan underperformed. The MSCI All-Country World Index had suffered its biggest two-day slide since September 2016 on Tuesday. U.S. 10-year Treasury yields ticked lower though remained close to the highest since April 2014.
Nikkei -0.83% Hang Seng +0.40% CSI +0.40% Shanghai -0.28% Shenzen -1.68%
Eur$1.2436 CNH 6.3048 CNY 6.2987 JPY 108.73 GBP 1.4189 CHF 0.9324 RUB 56.2874 WTI 64.06 -0.68%
S&P +0.17% EuroStoxx +0.11% FTSE -0.18% DAX +0.10% SMI -0.17%
Macro :
- Drugmakers May Move as Trump Repeats Call for Lower Drug Prices
- May Seeks to Work Together With China to Tackle Overcapacity: FT
- Facebook Bans Bitcoin Ads
Keep an eye on :
- ABE SM : Spain State Lawyers Back CNMV Criteria for Abertis: Expansion
- ABI BB : AB InBev Executive Patricio Buys $8M Worth of Co. ADR/ADS: FSMA
- APAM FP : Aperam Fourth Quarter Operating Profit 1.7% Below Estimates, Aperam 4Q Results Solid, Ebitda a 3% Beat to Consensus: JPMorgan
- MT NA : ArcelorMittal Fourth Quarter Ebitda 3.4% Above Estimates, *ARCELORMITTAL PROPOSES DIV POLICY STARTING AT $0.10/SHR IN 2018
- BPI PL : Banco BPI Full Year Net Income EU10.2 Mln
- BNS IM : Beni Stabili in Talks to Buy Deutsche Bank Milan HQ: Sole
- BUCN SW : Bucher Full Year Orders CHF2.87 Bln
- DEC FP : JCDecaux 4Q Organic Growth of 6.5% Beats Company’s Nov. Outlook
- DORIAN NO : HNA Investment Reports 0% Stake in Dorian LPG as of Jan. 26
- ECONB BB : Econocom Group Board Member Roesch Sells EU1.69M of Stock: FSMA
- ELISA FH : Elisa Fourth Quarter Ebitda 2.0% Above Estimates
- ERICB SS : Ericsson Fourth Quarter Net Sales 1.7% Below Estimates
- ERICB SS : Ericsson Sells 51% of Media Solutions to One Equity Partners
- GAS SM : CVC Demands Price Cut for Gas Natural Stake, Expansion Says
- HMB SS : H&M Full Year Dividend Per Share 1.2% Above Estimates
- IFX GY : Infineon Cuts Full Year Sales Forecast
- ING NA : ING Fourth Quarter Underlying Profit Misses Lowest Estimate
- BAER SW : Julius Baer Says in Good Position for Hiring and Expansion, Julius Baer to Acquire Brazilian Wealth Manager Reliance Group
- JNPR US : Juniper 1Q Adj EPS View Misses Lowest Est.; Shares Fall 6.6%
- KPN NA : KPN 4Q Adjusted Ebitda From Continuing Ops EU596 Mln
- KPN NA : KPN Plans to Appoint De Jager as CFO for Second Four-Year Term
- LDO IM : Leonardo CEO: Stock Drop Due to Lower Than Hoped 2018 Guidance
- LONN SW : Lonza Full Year Core Ebitda Matches Estimates
- MS IM : Mediaset Targets EU115m Ad Sales From World Cup: MF
- RAIVV FH : Raisio Considers Divestment of Feed Businesses, Plans Job Cuts
- RIEN SW : Rieter Full Year Sales Miss Lowest Estimate
- SAN SM : Santander Fourth Quarter Net Income Beats Estimates
- SRT GY : Sartorius Full Year Adjusted Ebitda Meets Estimates
- SEBA SS : SEB Full Year Dividend Per Share 1.5% Below Estimates
- SIE FY : Siemens 1Q Industrial Profit Beats; FY2018 Forecast Confirmed
- SIE GY : Siemens Surprised with Extremely Strong Order Intake: Metzler
- SREN SW : Swiss Re Appoints Regional Board of Directors for Asia
- TEL NO : Telenor Fourth Quarter Ebitda Meets Estimates
- TEMN SW : Temenos Gets Street-High PT at Citi on Banking IT Opportunities
- FP FP : Total Eligible for Maersk’s North Sea Tax Deal, Information Says
- VOLVB SS : Volvo Fourth Quarter Adjusted Operating Profit Meets Estimates
- VOLVB SS : Volvo Says Most Truck Markets on High Levels or in Upward Trends