U.S. stock-index futures fell on Tuesday, as investors continued to sell off shares of big tech companies, while worsening U.S.-China tensions and concerns over an unstable economic rebound also weighed on sentiment.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 23,274.13 | +184.18 | +0.80% |
Hang Seng | 24,624.34 | +34.69 | +0.14% |
Shanghai | 3,316.42 | +23.83 | +0.72% |
S&P/ASX | 6,007.80 | +63.00 | +1.06% |
FTSE | 5,878.62 | -58.78 | -0.99% |
CAC | 4,935.55 | -118.17 | -2.34% |
DAX | 12,865.29 | -234.99 | -1.79% |
Crude oil | $37.45 | -5.83% | |
Gold | $1,921.90 | -0.64% |
FXStreet notes that the S&P 500 has avoided a bearish “reversal week” but with support from the 13-day average broken, and analysts at Credit Suisse look for a corrective phase to develop for now beneath resistance at 3479/97.
“A bearish ‘reversal week’ was avoided last week but the market did close back below its 13-day exponential average and whilst the core trend stays seen higher, with the market having been to the upper end of its ‘typical’ extreme our bias is for a more protracted consolidation phase within this uptrend.”
“Key as to the severity of a setback remains seen from rates markets and whether we see a more decisive move lower in 10yr US Breakevens and a base in 10yr US Real Yields, neither of which we have yet to see, although the risk is there.”
“Resistance is seen at 3479, then the 61.8% retracement of last week’s fall at 3495/97, which we look to now ideally cap to keep the immediate risk lower.”
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 165.6 | -0.17(-0.10%) | 4632 |
ALCOA INC. | AA | 14.5 | 0.10(0.69%) | 59413 |
ALTRIA GROUP INC. | MO | 43.5 | 0.01(0.02%) | 26857 |
Amazon.com Inc., NASDAQ | AMZN | 3,158.24 | -136.38(-4.14%) | 116196 |
American Express Co | AXP | 105 | -0.67(-0.63%) | 7733 |
AMERICAN INTERNATIONAL GROUP | AIG | 29.5 | -0.30(-1.01%) | 2339 |
Apple Inc. | AAPL | 114.82 | -6.14(-5.08%) | 4597254 |
AT&T Inc | T | 29.54 | 0.12(0.41%) | 134995 |
Boeing Co | BA | 166.9 | -4.15(-2.43%) | 216264 |
Caterpillar Inc | CAT | 147 | -1.18(-0.80%) | 11527 |
Chevron Corp | CVX | 80.76 | -1.17(-1.43%) | 38054 |
Cisco Systems Inc | CSCO | 40.37 | -0.45(-1.10%) | 123209 |
Citigroup Inc., NYSE | C | 51.89 | -0.63(-1.20%) | 84934 |
E. I. du Pont de Nemours and Co | DD | 58.75 | -0.05(-0.09%) | 962 |
Exxon Mobil Corp | XOM | 38.26 | -0.82(-2.10%) | 195678 |
Facebook, Inc. | FB | 271.63 | -11.10(-3.93%) | 236108 |
FedEx Corporation, NYSE | FDX | 223.46 | -2.66(-1.18%) | 12473 |
Ford Motor Co. | F | 6.86 | -0.04(-0.58%) | 202231 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 15.68 | -0.34(-2.12%) | 68128 |
General Electric Co | GE | 6.33 | -0.09(-1.40%) | 350198 |
General Motors Company, NYSE | GM | 31.9 | 1.90(6.33%) | 1358340 |
Goldman Sachs | GS | 210.4 | -0.54(-0.26%) | 15676 |
Google Inc. | GOOG | 1,544.40 | -46.64(-2.93%) | 21814 |
Hewlett-Packard Co. | HPQ | 18.82 | -0.23(-1.23%) | 5359 |
Home Depot Inc | HD | 266.69 | -2.97(-1.10%) | 13922 |
HONEYWELL INTERNATIONAL INC. | HON | 165 | -1.69(-1.01%) | 6919 |
Intel Corp | INTC | 49.25 | -0.83(-1.66%) | 476600 |
International Business Machines Co... | IBM | 121.9 | -0.40(-0.33%) | 20838 |
International Paper Company | IP | 38.5 | -0.53(-1.36%) | 886 |
Johnson & Johnson | JNJ | 149.5 | 0.91(0.61%) | 16859 |
JPMorgan Chase and Co | JPM | 102.3 | -1.22(-1.18%) | 61490 |
McDonald's Corp | MCD | 210.76 | -0.97(-0.46%) | 7174 |
Merck & Co Inc | MRK | 85.75 | 0.51(0.60%) | 9049 |
Microsoft Corp | MSFT | 206.75 | -7.50(-3.50%) | 582605 |
Nike | NKE | 111.4 | -1.00(-0.89%) | 7990 |
Pfizer Inc | PFE | 36.42 | 0.06(0.17%) | 81088 |
Procter & Gamble Co | PG | 138.7 | 0.74(0.54%) | 9328 |
Starbucks Corporation, NASDAQ | SBUX | 85.01 | -1.26(-1.46%) | 21304 |
Tesla Motors, Inc., NASDAQ | TSLA | 357.27 | -61.05(-14.59%) | 4755078 |
The Coca-Cola Co | KO | 51.27 | 0.23(0.45%) | 36282 |
Travelers Companies Inc | TRV | 115.4 | -1.17(-1.00%) | 6395 |
Twitter, Inc., NYSE | TWTR | 38.5 | -1.37(-3.44%) | 92372 |
UnitedHealth Group Inc | UNH | 311.3 | -0.70(-0.22%) | 7624 |
Verizon Communications Inc | VZ | 60.93 | 0.45(0.74%) | 55614 |
Visa | V | 200.5 | -4.16(-2.03%) | 29873 |
Wal-Mart Stores Inc | WMT | 140.79 | -2.04(-1.43%) | 71211 |
Walt Disney Co | DIS | 131 | -0.99(-0.75%) | 118147 |
Yandex N.V., NASDAQ | YNDX | 62.57 | -1.87(-2.90%) | 127679 |
Alcoa (AA) upgraded to Buy from Neutral at BofA Securities
Walt Disney (DIS) upgraded to Buy from Hold at Deutsche Bank; target raised to $163
| Index | Change, points | Closed | Change, % |
|---|---|---|---|
| NIKKEI 225 | -115.48 | 23089.95 | -0.5 |
| Hang Seng | -105.8 | 24589.65 | -0.43 |
| KOSPI | 15.97 | 2384.22 | 0.67 |
| ASX 200 | 19.3 | 5944.8 | 0.33 |
| FTSE 100 | 138.32 | 5937.4 | 2.39 |
| DAX | 257.62 | 13100.28 | 2.01 |
| CAC 40 | 88.65 | 5053.72 | 1.79 |