The markets finished the week on an optimistic note Friday with
a triple digit gain putting major indices in positive territory for
Friday, the Dow was up 165.55 points or about one percent to
finish the day at 15,794.08. The S&P was up 1.3 percent to
1,797.02 and the NASDAQ was up about 1.7 percent to close at
This morning, U.S. markets are indicated lower. The Dow is
indicated down about 40 points while the S&P is down about four
points. The NASDAQ is trending about four points lower.
Tuesday will be the first time new
Fed Chief Janet Yellen
testifies before Congress. Yellen will speak to the House of
Representatives then and the Senate on Thursday.
ISS recommends 'no' vote on Icahn's Buyback
plan for Apple
) Sprint (NYSE:
its acquisition of T-Mobile (NYSE:
) after U.S. regulators indicate concern over the deal.
Asian markets were mostly higher in response to a positive U.S.
market close on Friday. The Nikkei finished 1.7 percent higher
Monday to close at 14,718.34 while the Hang Seng was fractionally
lower at 21,579.26.
The Shanghai Composite closed two percent higher at 2,086.07 and
the Kospi was flat on the day at 1,923.30.
Europe is responding to the favorable Asian market close today
as it trends higher. The FTSE is about 0.2 percent higher at
6,582.10 and the DAX is nearly 0.5 percent higher at 9,336.75.
Finally, the CAC is 0.5 percent higher at 4,247.58.
Energy is lower and metals are mostly higher. WTI is down about
0.3 percent at $99.54 while Brent is down at $109.45. Natural gas
is down 1.2 percent at $4.71.
Gold is up about 0.8 percent at $1,273.50 and silver is up about
1.2 percent at $20.18. Copper is flat at $3.23
The euro is flat against the dollar at 1.3535 and the dollar is
about 0.2 percent weaker against the yen at 102.15.
The pound is 0.1 percent higher against the dollar at 1.639 and
the Aussie dollar is at 0.896 against the dollar-up about 0.3
Verizon Communications (NYSE:
)is 2.5 percent higher on the back of Sprint/T-Mobile news. Newmont
) is up 1.5 percent in heavy premarket trading.
The following companies will report earnings today:
Owens & Minor (NYSE:
) is expected to report fourth-quarter EPS of $0.41 on revenue of
$2.34 billion. Masco Corporation (NYSE:
) is expected to report fourth-quarter EPS $0.04 on revenue of
$1.99 billion. Molina Healthcare (NYSE:
) is expected to report fourth-quarter EPS $0.54 on revenue of $1.8
billion. Markel Corp. (NYSE:
) is expected to report fourth-quarter EPS of $5.66 on revenue of
There are no economic data releases today.
For a recap of Friday's market action, click .
Tune into Benzinga's #PreMarket Prep show at 8:00 am EST
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.