Morning Market Report - January 28, 2020
Markets Rebound From Yesterday's Losses
US core capital goods orders post biggest drop in 8 months
"New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the fourth quarter and was a drag on economic growth.
The Commerce Department said on Tuesday orders for non-defense capital goods excluding aircraft fell 0.9% last month as demand for machinery, primary metals and electrical equipment, appliances and components declined.
That was the largest decrease since April. Data for November was revised lower to show these so-called core capital goods orders edging up 0.1% instead of gaining 0.2% as previously reported. Economists polled by Reuters had forecast core capital goods would be unchanged in December."
Source: CNBC
Big Week of Earnings - 145 S&P Stocks Report this Week
Today: 3M (MMM), Harley-Davidson (HOG), Lockheed Martin (LMT), Pfizer (PFE), PulteGroup (PHM), United Technologies (UTX) before market open; AMD (AMD), Apple (AAPL), eBay (EBAY), Starbucks (SBUX), Xilinx (XLNX) after market close
Wednesday: Anthem (ANTM), AT&T (T), Boeing (BA), Dow (DOW), Mastercard (MA), McDonald’s (MCD) before market open; Facebook (FB), Microsoft (MSFT), Mondelez (MDLZ), PayPal (PYPL), Tesla (TSLA) after market close
Thursday: Biogen (BIIB), Coca-Cola (KO), Eli Lilly (LLY), General Electric (GE), Hersey (HSY), Raytheon (RTN), UPS (UPS), Valero (VLO), Verizon (VZ) before market open; Amazon (AMZN), Electronic Arts (EA), Western Digital (WDC), Visa (V), Vertex (VRTX), U.S. Steel (X) after market close
Friday: Caterpillar (CAT), Colgate-Palmolive (CL), Chevron (CVX), Exxon Mobil (XOM) before market open
Source: Yahoo Finance
Source: Yahoo Finance
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Coronavirus outbreak has killed 106 people and infected 4,682
The majority of the cases are in mainland China, where local authorities have quarantined at least 10 major cities. Multiple cases of the virus have been confirmed in Hong Kong, Macao, Taiwan, Thailand, Vietnam, South Korea, Singapore, Malaysia, Japan, Australia, France and the United States. Cambodia, Canada, Germany, Nepal and Sri Lanka have each reported one case.
Source: CNBC
Source: CNBC