Dow +2.33% S&P +1.74% Nasdaq +2.13% Russell +1.08% VIX -19.2% @ 30.14
Stocks went on another roller coaster ride on Tuesday, but, unlike Monday, this ride left the major indices solidly higher.
Tuesday's advance put a sizable dent in Monday's decline, but the major averages are still solidly lower for the week, showing losses between 1.7% and 2.4%. Nine of eleven sectors finished in positive territory, with cyclical groups setting the pace--a possible sign that investors are shifting their focus back to the fundamentals, including an upbeat economic growth outlook that is expected to translate into impressive earnings growth. The top-weighted technology space (+2.8%) showed particular strength. Within the group, chipmakers were strong, evidenced by the 3.7% increase in the Philadelphia Semiconductor Index, after Micron (MU 43.88, +4.48) raised its profit and sales guidance for the current quarter; MU shares jumped 11.4%. Heavyweights like Apple (AAPL 163.03, +6.54), Microsoft (MSFT 91.33, +3.33), Facebook (FB 185.31, +4.05), and Alphabet (GOOGL 1084.43, +22.04) also had solid showings, adding between 2.1% and 4.2%. On the downside, the rate-sensitive utilities (-1.5%) and real estate (-0.2%) sectors declined on Tuesday as Treasury yields bounced back from their overnight lows. US After Hours SNAP +22%, AKAM +8%, DIS +3% higher, while BBOX -17%, TCS -7%, CMG / MCHP -5% are lower following earnings/guidance. What promised to be a recovery in equity markets after the global rout faltered in Asia as U.S. stock-index futures declined. Treasury yields fell after spiking on Tuesday and the yen gained as investors turned back to haven assets. Japan’s benchmarks eked out slim gains at the close after retreating from the session’s highs, as S&P 500 Index futures declined and Chinese shares dropped, suggesting the recovery isn’t yet on solid ground.
Nikkei +0.16% Hang Seng -0.45% CSI -2.24% Shanghai -1.74% Shenzen -0.69%
Eur$ 1.2397 CNH 6.2656 CNY 6.2570 JPY 109.20 GBP 1.3967 CHF 0.9347 RUB 56.9647 WTI$ 63.89 +0.79%
S&P -0.80% EuroStoxx +1% Dax +1% FTSE +0.47% SMI -0.40%
Macro :
- Carl Icahn to Reveal New Stake in a Couple Days: CNBC
- Hedge-Fund Veteran Says VIX to Stay Elevated, Shuns Stocks
- Goldman’s Schwartz Sees Buying Opportunity After Stock Rout
- This $158b Bond Manager Recommends Stocks in the Wake of Rout
Keep an eye on :
- ABE SM : Abertis Says Francisco Reynes Stands Down as CEO
- ABN NA : ABN Amro Full Year Underlying Profit Beats Highest Estimate
- AMZN US : Amazon May Worsen Parcel Industry Pricing Woes: Morgan Stanley
- AKSO NO : Aker Solutions Buys Stake in Offshore Wind Power Technology Co.
- APC US : Anadarko Fourth Quarter Adjusted EPS Beats Estimates
- ATO FP : Atos Promotes Grall, Girard to Senior Exec Vice-President Roles
- DPW GY : Amazon May Worsen Parcel Industry Pricing Woes: Morgan Stanley
- FB US : Jim Carrey Says He’s Selling His Facebock Stock, Deleting Page
- FNAC FP : SFAM Buys >11% of Fnac Darty to Become 2nd-Biggest Shareholder
- GL FP : Galeries Lafayette Sells 22 Stores to Fonciere, Echos Says
- HN1R GY : Hannover Re Full Year Net Income Beats Highest Estimate
- SHBA SS : Handelsbanken Says New PD, IRB Models Cut Into CET1 Ratio
- KPN NA : Royal KPN in Possible Accord on Tech Patent With NEC, Kyocera
- LUPE SS : Lundin Petroleum CEO Says Co. Opportunistic on Acquisitions: DI
- MELE BB : Melexis Full Year Revenue Forecast Beats Estimates
- MIC SS : Millicom Fourth Quarter Ebitda 2.1% Above Estimates
- OBEL BB : Orange Belgium FY Adjusted Ebitda View Midpoint 1.1% Below Est.
- OSR GY : Osram 1Q Adjusted Ebitda and Revenue Beat Estimates
- RBI AV : Raiffeisen Full Year Net Income EU1.12 Bln
- RNO FP : Renault India to Evaluate Local Manufacturing of EVs: Sawhney
- RIO LN : *RIO TINTO FY UNDERLYING PROFIT $8.63B; EST. $8.69B
- RIO LN : Rio Tinto Plans Buyback as FY Profit Rises on Prices, Margins
- SAF FP : Safran to Issue Preferred Shares Feb. 13 to Pay for Zodiac Shrs
- SAN FP : Sanofi Sees 2018 Business EPS Growing 2% to 5% With Takeovers
- SGEN US : Seattle Genetics Full Year Revenue Forecast Misses Estimates
- SNAP US : Snap Revenue Surges 72% on User Growth, Advertising Gains --> +21.6% in after hours
- STL NO : Statoil Fourth Quarter Adjusted Net Beats Estimates
- STB NO : Storebrand Fourth Quarter Net Income Misses Estimates
- SCMN SW : Swisscom Full Year Ebitda Meets Estimates
- TLX GY : Talanx Full Year Gross Written Premiums EU33.1 Bln
- UCG IM : UniCredit Completes Project Fino; Says Largest GACS Transaction
- UPS US : *UPS FALLS TO SESSION LOWS AMID REPORT AMZN EYES PARCEL DELIVERY
- VOD LN : Vodafone in Talks to Sell Stake in Indus Towers for $5B, ET Says