01/03/2020
|Friday, January 3, 2020
Futures | Up/Down | % | Last |
DJ Industrials | -360.00 | 1.24% | 28,483 |
S&P 500 | -44.50 | 1.37% | 3,214 |
Nasdaq | -138.50 | 1.55% | 8,753 |
U.S. stock futures are plunging while oil prices are skyrocketing following news that a top Iranian general and an Iraqi militia’s deputy commander were killed in a U.S. airstrike at Baghdad’s airport. Geopolitical tensions have ramped up after reports that an airstrike killed Iran General Qassem Soleimani, head of its elite Quds Force. Late Thursday night, the Pentagon said President Donald Trump had approved the attack, and comes after the U.S. vowed Iran would be held “fully responsible” for the recent attack on the U.S. Embassy in Baghdad by Iranian-backed militias. The news has oil prices higher by about 4% for both WTI and Brent, lifting energy stocks but pressuring broader markets. The sell-off in stocks has also prompted a further rotation into safe-haven assets with gold and Treasury prices jumping. In Asia, the Nikkei Index remains closed, the Shanghai Index dipped -1 point to 3,083 and the Hang Seng Index slipped -92 points to 28,451. In Europe, the German DAX is lower by around -240 points (1.8%) to 13,144, while the FTSE 100 is down over 40 points to 7,550. U.S. stocks started the New Year off with new record highs for major averages on Monday, led by industrials and technology as the Nasdaq Composite (up a 13th time in last 15 days) surged over 1.3%, led by last year winners with FAANG stocks and semiconductors pushing higher. The Dow Jones Industrial Average gains were paced by financials and the aforementioned tech as nearly 1/3 of the index touched 52-week highs yesterday (AAPL, CAT, GS, INTC, JPM, MSFT, NKE, UTX and Visa).
Market Closing Prices Yesterday
Events Calendar for Today
Earnings Calendar:
Other Key Events:
Macro | Up/Down | Last |
WTI Crude | 2.37 | 63.55 |
Brent | 2.65 | 68.90 |
Gold | 23.10 | 1,551.30 |
EUR/USD | -0.0045 | 1.1127 |
JPY/USD | -0.55 | 108.02 |
10-Year Note | -0.073 | 1.803% |
World News
Sector News Breakdown
Consumer
Energy, Industrials & Materials
Healthcare
Technology, Media & Telecom
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