Dow +1.42% S&P +0.83% Nasdaq +1.50% Russell +0.94%
US Market closed higher for 1st day of 2018. Volume remain light, only 815mil shares traded. Equities registered most of their gains at the opening bell and, outside an uptick in the final minutes, trended sideways for the rest of the day. consumer discretionary, technology, health care, energy, and materials sectors--which comprise around 60% of the broader market combined--climbed more than 1.0% apiece. consumer staples, utilities, telecom services, and real estate groups--which make up just 16% of the broader market combined--lost between 0.6% and 0.9%. The heavily-weighted financial sector also finished in the red, but its loss was modest at 0.1%. Chipmakers had a solid day, bouncing back from some profit taking at the end of 2017; the PHLX Semiconductor Index jumped 2.8%. Names like Advanced Micro (AMD 10.98, +0.70) and Micron Technology (MU 43.67, +2.55) were among the top performers, adding 6.8% and 6.2%, respectively. US After Hours MGI -6.3% lower on terminated merger news, TRVN +16.7% / TTPH +6.6% following FDA NDA updates. Asian equities extended gains after a rally in technology companies boosted U.S. stocks to record highs. Bonds fell in Australia and New Zealand following a drop in Treasuries, while crude oil held above $60 a barrel. Japanese markets remain closed.
Nikkei Closed Hang Seng -0.05% CSI +0.44% Shanghai +0.45% Shenzen +0.68%
Eur$ 1.2044 CNH 6.5061 CNY 6.5101 JPY 112.37 GBP 1.3595 CHF 0.9728 RUB 57.46 WTI$ 60.38 +0.02%
S&P +0.13% EuroStoxx +0.32% FTSE +0.12% Dax +0.50% SMI +0.41%
Macro :
- ECB’s Nowotny Sees Risk of European Stock Market Bubble: SZ
- ECB’s Nowotny Says Asset-Buy End Within Sight: Macro Squawk Wrap
- Correction in S&P 500, Oil at $80 Top Byron Wien Surprises List
- Gelband to Start Hedge Fund After Dispute With Millennium Ends
Keep an eye on :
- AGN US : Owner of Allergan’s Restatis Patents Challenges Review Board
- AKZA NA : Arcadis CFO Renier Vree to Become Akzo Specialty Chemicals CFO
- BLT LN : Vale Is Said To Be Negotiating BHP’s Exit From Samarco Venture
- CLLN LN : Carillion Says FCA Probing Timeliness, Content of Some Releases
- DRO GY : Deutsche Rohstoff Sees U.S. Tax Reform Adding EU3.3M to 2017 Net
- DSM NA : DSM Eyes Acquisitions, Buyback Has Low Priority, CEO Tells FD
- ELIOR FP : Elior Wins 4-Yr Maintenance Contract From Cinémas Gaumont Pathé
- FDX US : FedEx Rises to Record High; Named 2018 Best Idea at Stephens
- FOXA US : Fox ‘Spinco’ Is Favorite Media Risk/Reward Idea of 2018: RBC
- GLPG NA : Galapagos: Flamingo Study Shows Positive Results in CF Patients
- GLJ GY : Grenke Full Year Leasing New Business Volume EU1.98 Bln
- MAERSkB DC : Maersk Drilling Gets Four-Year Contract With Tullow Ghana
- NXT LN : Next Reports Unexpected 4Q Total Brand Sales Change Rise
- COX FP : Nicox Says Appoints Tomas Navratil as Head of Development
- NOVN VX : Novartis’s Kisqali Gets FDA Breakthrough Therapy Designation
- RYA LN : Ryanair Applies for U.K. Operating Rights as Brexit Workaround
- SLIGR NA : Sligro Food Group FY Sales EU2.97 Bln, In Line With Estimates
- SPU NO : Spectrum Sees 4Q Net Revenue Rising to $46M Vs $35M Year Earlier
- DG FP : Vinci Energies Wins School-Facility Contract in Germany