Dow -0.06% S&P -0.16% Nasdaq -0.29% Russell
US MArket Closed lower for the first day on 2nd Quarter. An afternoon rally erased much of the stock market's morning loss, but it just wasn't enough to bring the major averages all the way back to their unchanged marks.Stocks held close to their flat lines at the opening bell, but it didn't take long for the financial sector (-0.3%) to disrupt the equilibrium. the auto sales results weren't all bad as electric automaker Tesla (TSLA 298.52, +20.22) jumped 7.3% after reporting a 69.0% year-over-year increase in first quarter deliveries. TSLA shares settled at a fresh all-time high as the company surpassed Ford in market capitalization to become the second biggest automaker in the U.S. health care sector (+0.1%) finished with the telecom services space (+0.4%) atop the day's leaderboard. US After Hours GBR +36% and SHIP +27% higher following earnings/guidance, PRTK +32% on Phase 3 trial update... KATE -9% as sale talks drag on, URBN -3% on negative QTD comps update. Asian equity markets are tracking the declines on Wall St, where cash markets were down for the 2nd straight day. Soft auto sales in March and a slight miss on the US manufacturing PMI were attributed to the selloff, while political risk remained in focus with reports that Democrats in the Senate have the numbers to stonewall Supreme Court nominee Gorsuch with a filibuster. Materials, Financials, and Consumer Discretionary sectors led the selling, while Telecom fared well. Nikkei225 is among the worst performers in Asia, though trading remained light as markets in mainland China and Hong Kong were closed for holiday. Headwinds in Japan tracked the rally in USD/JPY, as it fell below 110.50 for the first time in a week.
Nikkei -1.05% Hang Seng Closed CSI Close Shanghai Closed
Eur$ 1.0660 JPY 110.56
S&P -0.20% EuroStoxx -0.3% Dax -0.16% SMI +0.04% FTSE +0.05%
Macro :
- World LNG Demand to Grow by Two-Thirds Over Next Decade: Chevron
Keep an eye on :
- ABBN VX : ABB Agrees to Buy Austrian Software and Automation Company B&R
- AIR FP : Airbus Weighs Doing Some of Its Technology Research in China: FT
- AAPL US : Apple Is Said to Have Ordered 70m Samsung OLED Panels: Nikkei
- ASC LN : Asos 1H Retail Sales GBP889.2m
- ATK LN : SNC-Lavalin Confirms WS Atkins Approach at C$3.5b Valuation
- BP/ LN : BP to Cut CEO Dudley’s Maximum Compensation by GBP5m: Sky
- BN FP : WhiteWave/Danone Approval Said to Be Announced by DOJ Today:MLex
- OGZD LI : Gazprom Said to Mull Moving Trading, Marketing Ops Out of UK: FT
- GLJ GY : Grenke 1Q Leasing New Business Volume EU445.6m
- KATE US : KATE Said Seeking More Time for Talks After Coach Bid: Reuters
- MB IM : Mediobanca Reviews European Financials Long/Short Portfolio
- SDRL NO : Seadrill Extends Key Dates for Secured Bank Credit Facilities
- SNAP US : Snap Shares Passed Over in Russell’s Annual Index Shuffle
- VIV FP : Spotify, Universal Music Said to Reach Streaming Deal: NYP
- VOLVB SS : Cevian’s Gardell Still Sees Volvo Stock as Attractive: DN