Peace may have returned to Ukraine but the country's ousted
president, Viktor Yanukovych, is wanted for mass murder.
Additionally, Egypt's government will resign. These stories are
making international investors nervous but markets are mostly
Friday, the Dow lost about 30 points to close at 16,103.30. The
S&P was down 0.1 percent, or about 3 points to close at
1,836.25, and the NASDAQ was down 0.1 percent to 4,263.41.
This morning, U.S. markets are indicated higher. The Dow is 11
points higher, the S&P is two points higher and the NASDAQ is
indicated to gain about six points at the open.
Market Wrap For February 21: Markets End The Week
On A Negative Note
) will pay Comcast (NASDAQ:
) for faster delivery of its streaming business. New Facebook
) acquisition, WhatsApp Suffers weekend outage. Blames it on a
faulty router. Apple (NASDAQ:
) and Samsung (OTC:
) fail to resolve patent litigation through mediation. The case
will now go to trial.
By Asian standards, markets were quiet after data showing
Chinese home prices retreated slightly. The Nikkei was down about
0.2 percent to close at 14,837.68 and the Hang Seng was down nearly
0.8 percent to finish at 22,388.56.
The Shanghai Composite closed 1.75 percent lower at 2,076.69 and
the Kospi was 0.4 percent lower closing at 1949.05.
Europe is following the lead of Asia this morning. The FTSE is
0.5 percent lower at 6,804.91 and the DAX is down 0.2 percent at
9,639.28. Finally, the CAC is flat at 4,379.56
Natural gas continues its parabolic move gaining 4.6 percent.
The commodity currently sits at $6.41 Other commodities are mixed.
WTI is down 0.1 percent at $102.11 while Brent is down 0.1 percent
Gold is up about 0.8 percent at $1,334.00 and silver is higher
by about 0.6 percent at $21.92. Copper is 1.2 percent lower at
The euro is 0.2 percent higher against the dollar at 1.376 and
the dollar is about 0.1 percent lower against the yen at 102.38
The pound is 0.2 percent higher against the dollar at 1.665 and
the Aussie dollar is at 0.897 against the dollar-nearly flat.
3D Systems (NYSE:
) is down four percent. Silver Spring Network (NYSE:
) is up more than seven percent, BlackBerry (NASDAQ:
) is up four percent, and the United States Natural Gas ETF (NYSE:
) is about 2.5 percent.
Earnings reports from Friday:
Charter Communication (NASDAQ: ) reported fourth quarter EPS
of $0.35, beating the consensus estimate of $0.22. Revenue of $2.14
billion missed the consensus estimate of $2.16 billion. Dish
Network (NASDAQ: ) reported fourth quarter EPS of $0.64,
beating the consensus estimate of $0.41. Revenue of $3.54 billion
missed the consensus estimate of $3.59 billion.
The following companies will report earnings today:
Tenet Healthcare (NYSE: ) is expected to post its Q4 earnings at
$0.37 per share on revenue of $3.87 billion. ONEOK (NYSE: ) is
projected to post its Q4 earnings at $0.58 per share on revenue of
$4.01 billion. Live Nation Entertainment (NYSE: ) is projected to
post a Q4 loss at $0.37 per share on revenue of $1.46 billion.
To read today's full earnings calendar,
The economics calendar is quiet today. The PMI Serves Flash
report will reach the market at 8:58 AM ET and a three and
six-month bill auction will take place today.
(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.