Dow -0.08% S&P -0.50% Nasdaq -0.89% Russell +0.05%
Stocks endured another choppy trading session on Wednesday, settling in negative territory at their worst marks of the day. The aerospace giant was helped by news from Washington, where Senate Majority Leader Mitch McConnell (R-KY) and Senate Minority Leader Chuck Schumer (D-NY) have agreed to a budget deal that would lift spending caps and raise defense and non-defense spending by approximately $160 billion and $130 billion, respectively, over the next two years.
Snap (SNAP 20.75, +6.69) surged 47.6%, hitting an eight-month high, after reporting better-than-expected earnings, revenues, and daily active users (DAUs). Conversely, Walt Disney (DIS 104.76, -1.41) dropped 1.3% despite beating profit estimates, and Chipotle Mexican Grill (CMG 272.21, -32.12) tumbled 10.6% after its quarterly results showed a decline in customers--likely due to multiple instances of food poisoning over the last couple of years. The only sector to finish behind technology was the energy group, which lost 1.7% as crude oil tumbled for the fourth session in a row; West Texas Intermediate crude futures dropped 2.5% to $61.80 per barrel, hitting a one-month low. US After Hours INFN +17% higher and IRBT -20%, IPHI -12%, YELP -7%, TTWO / YUMC -5% lower following earnings/guidance. Asian stocks fluctuated Thursday as investors assessed the implications of the recent market turmoil that has elevated volatility. The yuan dropped the most since August 2015 after trade figures missed estimates and amid speculation policy makers will step up efforts to rein in gains. Shares in Japan closed higher after almost flat-lining earlier, a pattern of swings that has unfolded this week in the wake of the recent rout. China’s stocks fell for a third day, while Hong Kong shares climbed. S&P 500 Index futures were up after dropping early in Asian trading.
Nikkei +1.13% Hang Seng +0.29%CSI -0.95% Shanghai -1.43% Shenzen +1.18%
Eur$ 1.2289 CNH 6.3407 CNY 6.3255 JPY 109.63 GBP 1.3911 CHF 0.9431 RUB 57.5780 WTI$ 61.77 -0.03%
S&P +0.18% EuroStoxx -0.89% FTSE -0.82% DAX -0.71% SMI -0.26%
Macro :
- Fed’s Williams Still Sees Gradual Rate Increases Going Forward
- Goldman’s Still a Commodities Bull; SQM Upgraded: Materials Wrap
Keep an eye on :
- ABB SW : ABB Issues Positive Outlook as Its ‘Transition Year’ Ends
- ABE SM : Abertis Calls Annual Shareholders Meeting For March 13
- ABE SM : Abertis to Seek AGM Authorization to Sell Hispasat Stake
- AC FP : Accor’s Mantra Bid May Be Delayed by Australian Regulator: Citi
- AF FP : Air France KLM Jan. Passenger Traffic Up 5.8% to 7.2 Million
- AKZA NA : Akzo Nobel Reconfirms 2020 Guidance; Separation on Track
- BAR BB : Barco Full Year Ebitda 1.7% Above Estimates
- BLT LN : Standard Life Aberdeen Says Would Back Elliott on BHP Review
- CA FP : Amazon Begins Grocery Delivery From Whole Foods Market
- CPG LN : Compass First Quarter Organic Revenue +5.9%
- CBK GY : Commerzbank Fourth Quarter Net Income Beats Estimates
- GIL GY : DMG Mori AG Full Year Pretax Profit EU176.4 Mln
- HDD GY : Heidelberger Druck 3Q Adjusted Ebitda 2.0% Below Est.
- ENGI FP : RBC Cuts Engie, Says Selling Suez Would Boost Investment Case
- GAS SM : Gas Natural Hires Boston to Set up Strategic Plan: Expansion
- PHIA NA : Philips CEO Says Has No Plans to Divest More Businesses: BZ
- RMS FP : Hermes 4Q Sales Match Ests. Amid Growth in Asia, U.S.
- KEMIRA FH : Kemira Full Year Dividend Per Share Matches Estimates
- KCR FH : Konecranes Fourth Quarter Net Sales 1.6% Above Estimates
- MMB FP : Lagardere Full Year Revenue Meets Estimates
- LR FP : Legrand Sees Full Year Organic Revenue +1% To +4%
- LEON SW : Leonteq Full Year Operating Income CHF247 Mln
- NOVN VX : Novartis Gets FDA Approval for Cosentyx Label Update
- PUB FP : Publicis Lifts Dividend, Sees Higher 2018 Organic Growth
- RI FP : Pernod Ricard Names Coutin CEO Chairman Ricard Pernod Companies
- RI FP : Pernod 1H Recurring Op. Profit Meets Ests.; Raises Forecast
- RIO LN : Rio Tinto Seen Boosting Returns Further in 2018: Analyst Wrap
- SBMO NA : SBM Offshore Full Year Adjusted Ebitda Forecast Misses Estimates
- ROG VX : Roche Gets 84.7% of Ignyta Shares in Tender Offer
- SN/ LN : Smith & Nephew Full Year Revenue Meets Estimates
- GLE FP : SocGen CEO Sees ‘Positive’ Prospects for Trading Business
- GLE FP : SocGen’s Bonus Pool Down in Line With 2017 Performance: CEO
- SREN VX : SoftBank in Talks to Buy Stake in Reinsurance Giant Swiss Re
- TELIA SS : Solidium Sold Telia Shares at Price of SEK 37.32/Shr
- FP FP: Total Sees Dividend +10%, $5B Buybacks Over 2018-2020
- TCG LN : Thomas Cook’s Airlines Add 10% Summer Capacity on Air Berlin Gap
- UCG IM : UniCredit Fourth Quarter Net Income Beats Highest Estimate
- VOE AV : Voestalpine Nine Month Revenue EU9.46 Bln
- VOLVB SS : Volvo Cars Will Grow Profit, Too Soon To Comment on Margin: CEO
- VOLVB SS : Volvo Cars Full-Year Profit Rises 28% on Record Car Sales
- WCH GY : Wacker Chemie Full Year Net Income EU885 Mln
- YARA NO : Yara Fourth Quarter Revenue Misses Estimates
- XPO US : XPO Logistics Fourth Quarter Adjusted EPS Beats Estimates
- ZURN SW : Zurich Ins. Full Year Combined Ratio Reported Beats Estimates