Despite being closed on Monday, U.S. markets had a relatively
quiet day Tuesday.
The Dow lost about 24 points to close at 16,130.40. The S&P
was up 0.1 percent, or about two points, to 1,840.76 and the NASDAQ
saw a sharp rise to finish 0.7 percent higher at 4,272.78.
Wednesday morning, U.S. markets are trending lower. The Dow is
indicated down about 21 points while the S&P is four points
lower. The NASDAQ is trending down about six points.
Investors will have eyes on Tesla as it reports its
Market Wrap For February 18: Dow Finishes Lower,
Nasdaq Still Hot
At least 25 killed in violent clashes between protesters and police
in Ukraine. Herbalife (NYSE:
rose more than 10 percent
after better than expected earnings.
The Shanghai Composite rose to a two month high while other
markets were mixed. The Nikkei was down about 0.5 percent to close
at 14,776.53 and the Hang Seng was up nearly 0.3 percent to finish
The Shanghai Composite closed 1.1 percent higher at 2,142.55 and
the Kospi was 0.2 percent lower closing at 1,942.93.
Europe is mixed this morning as world markets await the minutes
from the most recent meetings of the U.S. Federal Reserve and the
Bank of England. The FTSE is 0.2 percent lower at 6,784.95 and the
DAX is 0.2 percent lower at 9,634.85. Finally, the CAC is 0.1
percent lower at 4,324.70.
Commodities are mixed. WTI is up about 0.2 percent at $102.65
while Brent is down 0.3 percent at $110.16. Natural gas is four
percent higher at $5.77 as the rally continues.
Gold is down about 0.4 percent at $1,318.70 and silver is lower
by about 0.5 percent at $21.77. Copper is unchanged at $3.28.
The euro is flat against the dollar at 1.374 and the dollar is
about 0.2 percent lower against the yen at 102.07
The pound is 0.1 percent lower against the dollar at 1.667 and
the Aussie dollar is at 0.903 against the dollar-up about 0.1
Semiconductor Manufacturing International (NYSE:
) is down 19 percent while Blucora (NASDAQ:
) is down 15 percent. Ellie Mae (NYSE:
) is down more than nine percent and Livedeal (NASDAQ:
) is down another nine percent from yesterday. Forest
) is indicated 33 percent higher and Actavis (NYSE:
) is up 12 percent.
Earnings reports from Tuesday:
Duke Energy (NYSE:
) reported fourth quarter EPS of $0.95, missing the consensus
estimate of $1.00. Revenue of $6.15 billion missed the consensus
estimate of $6.32 billion. Coca-Cola (NYSE:
) reported fourth quarter EPS of $0.46, in-line with the consensus
estimate. Revenue of $3.5 billion missed the consensus estimate of
The following companies will report today:
Devon Energy (NYSE:
) is estimated to report its Q4 earnings at $1.08 per share on
revenue of $2.69 billion. MGM Resorts International (NYSE:
) is estimated to report a Q4 loss at $0.01 per share on revenue of
$2.46 billion. Tesla Motors (NASDAQ:
) is expected to post its Q4 earnings at $0.21 per share on revenue
of $677.36 million.
To read today's full earnings calendar,
Housing starts hit the market at 8:30 AM ET along with the
Redbook at 8:55. Most notable, the FOMC minutes will be released at
2:00 PM ET.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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