Market Snapshot
Asia Markets: Japan -0.1% to 17987. Hong Kong +0.2% to 24785. China +0.8% to 3247. India closed.
Europe: London +0.4%. Paris -0.1%. Frankfurt -0.3%.
Futures: Dow +0.3%. S&P +0.4%. Nasdaq +0.9%. Crude +0.8% to $53.19. Gold -0.5% to $1221.30.
Ten-year Treasury Yield: +3 bps to 2.02%
Today’s economic calendar
8:30 Empire State Manufacturing Survey
10:00 NAHB Housing Market Index
10:00 E-Commerce Retail Sales
Key earnings before today’s open
ACC, AGIO, ALE, CRY, GPC, GT, LECO, MDT, MGM, MNTA, NHI, PES, QSR, TGH, TTS, USAC, VDSI, VNR, WLT, WM, WRI, WWW
Key earnings after today’s close
A, ADI, AMC, ANAD, CF, CHE, CLD, DVN, ENPH, EQY, EXAC, FANG, FE, FLS, FOSL, HR, HTA, HTS, IPHS, JACK, KALU, KAR, LZB, MASI, NCLH, NP, O, OHI, OMI, PBPB, PEB, PEI, PHH, PLAB, RAIL, RAX, ROG, TEX, UCTT, VECO, VMI, VNO, VRNS, WTS, XEC, ZIXI
This Morning
US stocks dip this morning on the back of weak European shares, which declined after talks between Greece and euro zone finance ministers collapsed after just two hours. “We want an honorable settlement,” says Greek Finance Minister Yanis Varoufakis following the talks. “It’s not a bluff, because it’s the only option we have. It’s Plan A, there is no Plan B.” Also leaning on the market was a weaker-than-expected reading on manufacturing activity in New York State, and comments from Cleveland Fed President Loretta Mester, saying it’s time to drop the “patient” language from the FOMC statement. Mester now joins at least six other top Fed officials in suggesting that short-term interest rates could be raised mid-year.
Stock News
Just a little over a month before Apple (AAPL) releases its smartwatch, LG (OTC:LGEAF) has unveiled a new smart “luxury timepiece” called the LG Watch Urbane, which features a 1.3 inch touchscreen display and runs on Google’s (GOOG, GOOGL) Android Wear.
Canadian Pacific Railway (CP) and the Teamsters Canada union have agreed to seek mediated arbitration, ending a 3,000 Teamsters member strike at the country’s No. 2 railway.
A CSX (CSX) train carrying more than 100 tankers of crude oil has derailed and burst into a huge fireball in West Virginia, igniting at least 14 tankers. One tanker car and perhaps more fell into the Kanawha River, prompting concerns about potential contamination of water treatment facilities that serve local communities.