U.S. stocks fought off a late-session swoon to close at fresh heights Tuesday, amid reports that the Federal Trade Commission is looking into acquisitions by some of the country’s biggest tech companies.
The S&P 500 Index faded from session highs after the FTC news, with Facebook Inc. and Microsoft Corp. among the decliners. Health-care and consumer-discretionary shares led the day’s advancers. The Dow Jones Industrial Average and Nasdaq 100 were little changed. Ten-year Treasury yields rose, while the dollar dropped for the first time in five sessions.
Investors have been more bullish lately despite the coronavirus outbreak, signaling some confidence that central banks could ease policy in the event growth slows down. In remarks to Congress Tuesday, Federal Reserve Chairman Jerome Powell, while positive about the American economic outlook, said the central bank is keeping a close eye on fallout from the epidemic, which continues to disrupt travel and trade.
US After Hours BBBY -26% down sharply on weak holiday results; NSP -18% showing notable weakness on earnings; LYFT -5.4% also lower; AKAM among the few bright spots on earnings
Macro :
- Lazard Stays Overweight Emerging-Market Bonds Despite Virus (1)
- SocGen Expects Global Stocks to End 2020 on More Positive Note
Keep an eye on :
- ABN NA : ABN Amro Fourth Quarter Net Income Misses Lowest Estimate (1)
- AD NA : Ahold Delhaize Fourth Quarter Underlying EPS Beats Estimates
- ADE NO : Adevinta Fourth Quarter Operating Revenue Meets Estimates
- AIR FP : Thai Air Force Orders Six Airbus Military Training Helicopters
- AKZA NA : Akzo Nobel Sees 2020 Adj. Oper Margin 14.5% To 15.5%, Saw 15%
- AMS SW : AMS Offering Prices 3.35m Shares at CHF44.25/Share
- ATL IM : Autostrade CEO Seeks Rational Concession Deal With Govt: Stampa
- AXA NO : Axactor SE Fourth Quarter Net Income Beats Estimates
- BG AV : Bawag Meets FY Estimates, Narrows CET1 Goal to 13% Vs Range (1)
- BB FP : BIC Sees 2020 Normalized Ifo Margin 16% To 17%
- BMPS IM : Italy Seeks Banking Partner for Monte Paschi: Messaggero
- COOR SS : Coor Fourth Quarter Net Sales SEK2.73 Bln
- DB1 GY : Deutsche Boerse to Extend CEO Term by 3 Years: Manager Magazin
- EDF FP : EDF Buys 50% of Codling Offshore Wind Project in Ireland
- EVO SS : Evolution Gaming Sees 2020 Margin At or Slightly Over 2019 Level
- HEIA NA : Heineken Full Year Org. Beer Volume Beats Estimates (1)
- HEIA NA : Heineken CEO Exits on High Note as Earnings Beat Estimates
- HOFI SS : Hoist Finance Fourth Quarter Operating Income SEK768 Mln
- JEN GY : Jenoptik Full Year Revenue Meets Estimates
- KER FP : Gucci’s Sales Growth Slowed Down Less Than Expected at Year-End
- KLOVB SS : Klovern Full Year Dividend Per Share Beats Estimates
- KOG NO : Kongsberg Proposes Shareholder Returns Worth 10% of Market Value
- KVAER NO : Kvaerner Fourth Quarter Net Income Misses Lowest Estimate
- NETB SS : NetEnt Full Year Dividend Per Share Misses Lowest Estimate
- NOEJ GY : Norma Full Year Adjusted Ebita Margin Misses Estimates
- ONXEO FP : Onxeo in Settlement Pact With SpePharm, SpeBio
- ORP FP : Orpea Sees 2020 Revenue +8%
- OTE1V FH : Outotec Wins EU13m Order for Process Equipment in Cambodia
- RUI FP : Rubis Full Year Revenue 2.0% Below Estimates
- SAN FP : Sanofi Slims Ranks of Top Executives as New CEO Revamps Strategy
- STR AV : Strabag Prelim Full Year Output Volume EU16.6 Bln
- STB NO : Storebrand Fourth Quarter Net Income 1.7% Below Estimates
- SWECB SS : Sweco Full Year Dividend Per Share Beats Estimates
- TNET BB : Telenet, DPG Media Plan Streaming Service JV
- TRELB SS : Trelleborg Sees First Quarter Demand ‘Somewhat Lower’ Q/Q
- THULE SS : Thule Full Year Dividend Per Share Misses Estimate
- VONN SW : Vontobel Full Year Net New Money Beats Estimates
- VPK NA : Vopak Full Year Adjusted Ebit 3.3% Below Estimates