Thursday's Market Recap. Another Day Of Triple Digit Gains For The Dow.
What is The Premarket Telling Us?
7:00 AM.
US stock futures a moderately, as we look anticipate another day of strong earnings from some of the US corporations. Dow futures up 44 points, Nasdaq rose 31.50 points, and S&P futures up 6 points. Investors are anticipating earnings result from 3M, and Caterpillar before the bell this morning.
On The Bond Desk:
US 10 year bond yield at 2.66%, up 0.04% or four basis point.
Currency Desk:
Euro dollar at 1.24
UK Pound at 1.42
Crude Oil:
WTI crude oil futures at $66.06%/barrel, down 0.69 %.
On the Earnings Calendar:
Biogen, 3M, Caterpillar, reported strong 4Qtr. Earnings results.
In M&A News:
None
What About The Asian And European Markets?
Major Asian markets closed mixed. Japan (Nikkei 225) down 1.13%, Shanghai down 0.31%, Hong Kong (Hang Seng) 0.92%.
Major European markets lower in their session. Germany (DAX) down 0.87%, France CAC 40 down 0.25%, London FTSE 100 down 0.36%.
Market And Sector Dynamics
Stocks opened up triple digits, with the Dow up 100.48 points, Nasdaq rose 39.54 points, and the S&Pup 9.58 points. Markets is being driven this morning, by strong fourth quarter earnings result from Caterpillar, and 3M.
Markets remained elevated for the entire session, and market tone and breath was positive.
Six of the eleven S&P sectors closed the day lower, led by energy, technology, and consumer goods. Utilities, healthcare, and industrials closed higher.
Factors Influencing Today's Market
Crude oil prices slipped modestly in today's trading. WTI crude oil closed at $65.61/barrel, down 0.15%.
Strong Q4 Earnings results from 3M, and Caterpillar was positive catalyst for markets in the session.
US 10 year bond continues to hold on just below the 2.70% level.
There are reports that Kroger and Alibaba may be talking about something. No details available.
Market Close Volume Traded And Advance Decline Ratio
At the close of trading stocks were higher. The Dow rose 140.67 points, Nasdaq points fell 3.89 points, S&P up 1.71 point . Total NYSE volume traded, 3.87 billion shares. Declining shares outpaced Advancing shares better than even.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
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