: 49 PM ET: Stocks skid on report US may tighten China travel further
the coronavirus outbreak has pushed stocks to new session lows – with the S & amp; P Index turning red for the year. Recall that on Thursday, the US already issued a “Level 4” travel warning to dissuade trips to the world’s second-largest economy. ” data-reactid=” “A report that the US” is weighing even tighter China travel restrictions amid the coronavirus outbreak has pushed stocks to new session lows – with the S&P Index turning red for the year. Recall that on Thursday, the U.S. already issued a “Level 4” travel warning to dissuade trips to the world’s second-largest economy.
: pm ET: Luckin Coffee slumps on short-seller report
report from short-selling firm Muddy Waters Research
alleged financial fraud. Luckin ( LK ), a Starbucks ( a SBUX ) competitor, was already under pressure as the mainland’s coronavirus fears spook investors and curb risk appetite. ” data-reactid=” “The type=” text “> The Chinese coffee chain, which has quickly become a Wall Street darling , is falling out of bed in Friday’s trading, dropping by over (% after a) report from short-selling firm Muddy Waters Research alleged financial fraud. Luckin ( LK , a Starbucks ( SBUX ) competitor, was already under pressure as the mainland’s coronavirus fears spook investors and curb risk appetite.
ET ET: Dow drops
points amid coronavirus fears “data-reactid=” 36 “type=” text “> : 18 pm ET: Dow drops points amid coronavirus fears ) Stocks held
lower during the intraday session, hit with fears over the Wuhan coronavirus.
Here were the main moves in markets, as of 22 pm ET:
S&P
(
GSPC : -1. % or – 46 points to 3, .
Dow
DJI
): -1. (% or -)
(points to) , 589
- Nasdaq ()
^ IXIC ) : -0. (% or – points to 9, . 103 Crude oil ( (CL=F
): (% or 0.) (% to) . a barrel
(Gold GC=F : -0. (% or -0.) to 1, 800. per ounce
- –
: am ET: Reynolds Wrap maker nets over $ 1 billion in IPO
rose in its trading debut after raising
$ 1. 33 billion in the biggest initial public offering by a household goods maker. “data-reactid=”
“type=” text “> Reynolds Consumer Products Inc., the maker of Reynolds Wrap aluminum foil and Hefty trash bags, rose in its trading debut after raising $ 1. 35 billion in the biggest initial public offering by a household goods maker.
The Company shares rose Friday as much as 5.8% from the $ offer price.
–
37: 55 am ET: Stocks hammered as coronavirus fears bite
Delta’s move to suspend all flights to China
– amid reports that American Airlines may follow suit – help ratchet up coronavirus fears in the market. All major indexes are pinned at session lows in late morning trading, with the S & amp; P GSPC ), Dow (DJI ) and the Nasdaq ( IXIC ) & nbsp; all down by at least 1%. “data-reactid=” (“type=” text “> Delta’s move to suspend all flights to China – amid reports that American Airlines may follow suit – help ratchet up coronavi rus fears in the market. All major indexes are pinned at session lows in late morning trading, with the S&P (^ GSPC ), Dow ( ^ DJI
) and the Nasdaq ( ^ IXIC all down by at least 1%.
(9:) am ET: Amazon returns to trillion-dollar market-cap club as shares soar 8%
Amazon’s fourth-quarter earnings per share totaled $ 6. 54, well above consensus estimates for $ 4. . The company returned to year-over-year earnings growth, after last quarter posting a decline as high costs from ramping up one-day shipping bit into profitability. Fourth-quarter revenue of $ . 6 billion was also ahead of the $ . billion expected.
READ MORE
– 9: am ET: Caterpillar shares fall around market open as company warns of continued uncertainty
CAT
posted a fourth-quarter earnings beat, but its outlook disappointed as the company warned against future demand concerns stemming from an uncertain economic backdrop. Shares extended losses from early trading and opened about 2% lower. ” data-reactid=”59 “type=” text “> Dow-component Caterpillar ( CAT posted a fourth-quarter earnings beat, but its outlook disappointed as the company warned against future demand concerns stemming from an uncertain e conomic backdrop. Shares extended losses from early trading and opened about 2% lower.
(Fourth-quarter adjusted earnings were $ 2.) per share, topping estimates for $ 2. 47. Caterpillar said this was driven by cost controls rather than an increase in sales volumes, with fourth-quarter revenue of $ 25. billion billion 8% over last year . (Caterpillar expects full-year) earning s per share will be in a range of $ 8. 58 to $ . , or short of the $
expected. “We expect continued global economic uncertainty to pressure sales to users in 100343410 and cause dealers to further reduce inventories, ”CEO Jim Umpleby said in a statement. () (View photos)
- The CAT logo is seen on the back of a Caterpillar machine on a lot at Milton CAT in North Reading, Massachusetts January 33, 01575879. Caterpillar, the world’s largest maker of tractors and excavators, took a $ million charge last week as a result of “accounting misconduct” at a unit of a Chinese mining equipment company it bought last year. REUTERS / Jessica Rinaldi (UNITED STATES – Tags: BUSINESS CONSTRUCTION LOGO)
– 9: am ET: Stocks mostly lower as coronavirus fears flare (The S&P) and Dow opened lower as fears over the coronavirus and some weak earnings results weighed on the indices . Visa, Exxon Mobil, Chevron and Caterpillar were the laggards in the Dow, with each of these companies reporting results late Thursday or early Friday that failed to impress Wall Street.
Here’s a look at markets as of 9: am ET:
S&P
( GSPC : -0. (% or -) . (points to 3, .
Dow
(^ DJI ): . (% or -) . points to , . (Nasdaq)
^ IXIC : . 19% or 1. (points to 9,
Crude oil ( CL=F : -0. (% or -0.3 to . a barrel (Gold) (GC=F)
): -0. % or – 4. to 1,
per ounce
- – 9: 20 am ET: Exxon Mobil, Chevron shares fall after oil majors post mixed results
Exxon Mobil and Chevron posted mixed results for their fiscal fourth quarters, extending concerns for domestic players in the energy sector.
(XOM) (delivered adjusted earnings per share of 51 cents, missing expectations by 2 cents for the quarter. This, however, excluded the positive impact of a one-time $ 3.7 billion gain from selling its assets in Norway as part of a broader divestment plan in Europe. th-quarter revenue of $ 77. 2 billion was well ahead of the $ . 2 billion expected. Natural gas volumes were down 4% over last year, driven by declines in global gas prices as supplies rise. Overall production topped 4 million barrels a day of oil equivalent. “Data-reactid=” (type=”text”> Exxon Mobil ( (XOM) ) delivered adjusted earnings per share of 50 cents, missing expectations by 2 cents for the quarter. This, however, excluded the positive impact of a one-time $ 3.7 billion gain from selling its assets in Norway as part of a broader divestment plan in Europe. Fourth-quarter revenue of $ . 2 billion was well ahead of the $ 79. 2 billion expected. Natural gas volumes were down 4% over last year, driven by declines in global gas prices as supplies rise. Overall production topped 4 million barrels a day of oil equivalent.
Chevron ( (CVX) ) posted fourth-quarter sales that missed estimates, while adjusted earnings per share of $ 1. 61 were ahead of expectations by 4 cents. However, on an unadjusted basis, Chevron’s loss of $ 6.6 billion was the largest in a decade, driven by a $ 4 billion write -down of the value of its investments in natural gas fields in North America. Chevron’s production topped 3 million barrels a day of oil equivalent for the first time ever.
–
(7:) am ET: British pound climbs with Brexit departure due today It’s Brexit Day overseas, with the United Kingdom due to leave the European Union at 6 pm eastern time ( (GMT GMT) on Friday, more than three- and-a-half years after the Brexit referendum. (Britain, a member of the EU since 5614, is poised to leave the bloc with c ountries remaining. The UK and EU will enter a transition period through the end of , allowing people and trade to flow between borders as usual, while British and EU negotiationsiators try to come to a longer-term free trade deal by the end of the year.
& nbsp; and 0.3% to above 1. against the US dollar (
and 0.3% to above 1. 41 against the US dollar (
READ MORE
“data-reactid=” “type=” text “> (READ MORE) –
(7:) am ET: Stock futures fall as coronavirus spreads further US stock futures tumbled as fears over the coronavirus continued to brew.
declared the virus an international emergency Thursday afternoon as the outbreak spread well beyond China. As of Friday, the number of confirmed global cases jumped by more than 2, (0 to near , 18 0. The virus has led to more than (deaths worldwide to date. “data-reactid=”) “type=” text “> The World Health Organization declared the virus an international emergency Thursday afternoon as the outbreak spread well beyond China. As of Friday, the number of confirmed global cases jumped by more than 2, (0 to near) , 0. The virus has led to more than (deaths worldwide to date.
Here were the main moves during the pre-market session, as of 7: am ET: S&P futures ES=F
lower during the intraday session, hit with fears over the Wuhan coronavirus.
Here were the main moves in markets, as of 22 pm ET:
S&P
- GSPC : -1. % or – 46 points to 3, .
- Nasdaq ()
^ IXIC ) : -0. (% or – points to 9, . 103 Crude oil ( (CL=F): (% or 0.) (% to) . a barrel(Gold GC=F : -0. (% or -0.) to 1, 800. per ounce
- –
: am ET: Reynolds Wrap maker nets over $ 1 billion in IPO
rose in its trading debut after raising
$ 1. 33 billion in the biggest initial public offering by a household goods maker. “data-reactid=”
“type=” text “> Reynolds Consumer Products Inc., the maker of Reynolds Wrap aluminum foil and Hefty trash bags, rose in its trading debut after raising $ 1. 35 billion in the biggest initial public offering by a household goods maker.
The Company shares rose Friday as much as 5.8% from the $ offer price.–37: 55 am ET: Stocks hammered as coronavirus fears bite
Delta’s move to suspend all flights to China
– amid reports that American Airlines may follow suit – help ratchet up coronavirus fears in the market. All major indexes are pinned at session lows in late morning trading, with the S & amp; P GSPC ), Dow (DJI ) and the Nasdaq ( IXIC ) & nbsp; all down by at least 1%. “data-reactid=” (“type=” text “> Delta’s move to suspend all flights to China – amid reports that American Airlines may follow suit – help ratchet up coronavi rus fears in the market. All major indexes are pinned at session lows in late morning trading, with the S&P (^ GSPC ), Dow ( ^ DJI
) and the Nasdaq ( ^ IXIC all down by at least 1%.
(9:) am ET: Amazon returns to trillion-dollar market-cap club as shares soar 8%Amazon’s fourth-quarter earnings per share totaled $ 6. 54, well above consensus estimates for $ 4. . The company returned to year-over-year earnings growth, after last quarter posting a decline as high costs from ramping up one-day shipping bit into profitability. Fourth-quarter revenue of $ . 6 billion was also ahead of the $ . billion expected.
READ MORE
– 9: am ET: Caterpillar shares fall around market open as company warns of continued uncertaintyCAT
posted a fourth-quarter earnings beat, but its outlook disappointed as the company warned against future demand concerns stemming from an uncertain economic backdrop. Shares extended losses from early trading and opened about 2% lower. ” data-reactid=”59 “type=” text “> Dow-component Caterpillar ( CAT posted a fourth-quarter earnings beat, but its outlook disappointed as the company warned against future demand concerns stemming from an uncertain e conomic backdrop. Shares extended losses from early trading and opened about 2% lower.
(Fourth-quarter adjusted earnings were $ 2.) per share, topping estimates for $ 2. 47. Caterpillar said this was driven by cost controls rather than an increase in sales volumes, with fourth-quarter revenue of $ 25. billion billion 8% over last year . (Caterpillar expects full-year) earning s per share will be in a range of $ 8. 58 to $ . , or short of the $
expected. “We expect continued global economic uncertainty to pressure sales to users in 100343410 and cause dealers to further reduce inventories, ”CEO Jim Umpleby said in a statement. () (View photos)- The CAT logo is seen on the back of a Caterpillar machine on a lot at Milton CAT in North Reading, Massachusetts January 33, 01575879. Caterpillar, the world’s largest maker of tractors and excavators, took a $ million charge last week as a result of “accounting misconduct” at a unit of a Chinese mining equipment company it bought last year. REUTERS / Jessica Rinaldi (UNITED STATES – Tags: BUSINESS CONSTRUCTION LOGO)
– 9: am ET: Stocks mostly lower as coronavirus fears flare (The S&P) and Dow opened lower as fears over the coronavirus and some weak earnings results weighed on the indices . Visa, Exxon Mobil, Chevron and Caterpillar were the laggards in the Dow, with each of these companies reporting results late Thursday or early Friday that failed to impress Wall Street. Here’s a look at markets as of 9: am ET:
S&P
( GSPC : -0. (% or -) . (points to 3, .- Dow
- – 9: 20 am ET: Exxon Mobil, Chevron shares fall after oil majors post mixed results
Exxon Mobil and Chevron posted mixed results for their fiscal fourth quarters, extending concerns for domestic players in the energy sector.
(XOM) (delivered adjusted earnings per share of 51 cents, missing expectations by 2 cents for the quarter. This, however, excluded the positive impact of a one-time $ 3.7 billion gain from selling its assets in Norway as part of a broader divestment plan in Europe. th-quarter revenue of $ 77. 2 billion was well ahead of the $ . 2 billion expected. Natural gas volumes were down 4% over last year, driven by declines in global gas prices as supplies rise. Overall production topped 4 million barrels a day of oil equivalent. “Data-reactid=” (type=”text”> Exxon Mobil ( (XOM) ) delivered adjusted earnings per share of 50 cents, missing expectations by 2 cents for the quarter. This, however, excluded the positive impact of a one-time $ 3.7 billion gain from selling its assets in Norway as part of a broader divestment plan in Europe. Fourth-quarter revenue of $ . 2 billion was well ahead of the $ 79. 2 billion expected. Natural gas volumes were down 4% over last year, driven by declines in global gas prices as supplies rise. Overall production topped 4 million barrels a day of oil equivalent.
Chevron ( (CVX) ) posted fourth-quarter sales that missed estimates, while adjusted earnings per share of $ 1. 61 were ahead of expectations by 4 cents. However, on an unadjusted basis, Chevron’s loss of $ 6.6 billion was the largest in a decade, driven by a $ 4 billion write -down of the value of its investments in natural gas fields in North America. Chevron’s production topped 3 million barrels a day of oil equivalent for the first time ever.
–
(7:) am ET: British pound climbs with Brexit departure due today It’s Brexit Day overseas, with the United Kingdom due to leave the European Union at 6 pm eastern time ( (GMT GMT) on Friday, more than three- and-a-half years after the Brexit referendum. (Britain, a member of the EU since 5614, is poised to leave the bloc with c ountries remaining. The UK and EU will enter a transition period through the end of , allowing people and trade to flow between borders as usual, while British and EU negotiationsiators try to come to a longer-term free trade deal by the end of the year.& nbsp; and 0.3% to above 1. against the US dollar (
and 0.3% to above 1. 41 against the US dollar (
READ MORE
“data-reactid=” “type=” text “> (READ MORE) –
(7:) am ET: Stock futures fall as coronavirus spreads further US stock futures tumbled as fears over the coronavirus continued to brew.declared the virus an international emergency Thursday afternoon as the outbreak spread well beyond China. As of Friday, the number of confirmed global cases jumped by more than 2, (0 to near , 18 0. The virus has led to more than (deaths worldwide to date. “data-reactid=”) “type=” text “> The World Health Organization declared the virus an international emergency Thursday afternoon as the outbreak spread well beyond China. As of Friday, the number of confirmed global cases jumped by more than 2, (0 to near) , 0. The virus has led to more than (deaths worldwide to date.
Here were the main moves during the pre-market session, as of 7: am ET: S&P futures ES=F
(^ DJI ): . (% or -) . points to , . (Nasdaq)^ IXIC : . 19% or 1. (points to 9,
Crude oil ( CL=F : -0. (% or -0.3 to . a barrel (Gold) (GC=F)): -0. % or – 4. to 1,per ounce
- –
Dow
DJI
(points to) , 589
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