1. Breath of air: Markets are breathing a sigh of relief, but anxiety still looms. "We have a welcome respite this morning, but the August mood is fearful," said Societe Generale strategist Kit Juckes. "The sky could fall in at any moment!"
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +87.00 | | +49.25 | | +13.00 | | +0.34% | | +0.65% | | +0.45% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +76.79 | | +25.87 | | +19.49 | | 20,593.35 | | 2,794.55 | | 7,218.19 | | +0.37% | | +0.93% | | +0.27% | | | |
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| Biggest Winners | | Symantec Corp | +12.98% | | | | Advanced Micro Devices Inc | +5.00% | | | | Perrigo Company PLC | +2.64% | | | | Danaher Corp | +1.45% | | | Biggest Losers | | Skyworks Solutions Inc | -5.51% | | | | CenturyLink Inc | -3.45% | | | | Westinghouse Air Brake Technologies Corp | -1.47% | | | | Caterpillar Inc | -1.07% | | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Market relief; Lyft and Uber; Oil boost | | By Julia Horowitz, CNN Business | | | | 1. Breath of air: Markets are breathing a sigh of relief, but anxiety still looms. | | | | "We have a welcome respite this morning, but the August mood is fearful," said Societe Generale strategist Kit Juckes. "The sky could fall in at any moment!" | | | | US stock futures point slightly higher after the S&P 500 and Nasdaq finished a volatile trading session Wednesday in positive territory. The Dow gave up some last-minute gains and finished with a loss. | | | | Promising trade data from China and a stable yuan sent Asian markets higher Thursday. The Shanghai Composite rose 0.9% and Hong Kong's Hang Seng jumped 0.5%. Japan's Nikkei increased 0.4%. | | | | European markets also opened higher. Britain's FTSE 100 gained 0.2%, while Germany's DAX advanced 0.4%. | | | | 2. Lyft and Uber: Lyft is still losing tons of money. But its outlook is improving. | | | | The ride sharing company, which reported earnings after markets closed on Wednesday, now expects revenue for the full year to hit as much as $3.5 billion due to strong rider growth. That's $200 million higher than it had previously forecast. | | | | Shares are up 4% in premarket trading. Gains were pared after the company said in a regulatory filing that insiders will be able to sell off more than 250 million shares of the company's stock sooner than expected. | | | | Next up is Uber. The company will report earnings after US markets close. | | | | 3. Oil boost: Oil prices are attempting to push out of a bear market. | | | | Futures of Brent crude, the global benchmark, rose 2.3% Thursday to $57.52 a barrel, recovering some of the week's losses. Bloomberg reported Wednesday that that Saudi Arabia and other OPEC producers are looking at ways to prop up prices. | | | | Brent crude is still off more than 20% from its recent April peak due to persistent fears about slowing global economic growth and the US-China trade war. That's outweighed concerns about geopolitical tensions in Venezuela and Iran that could hit supply. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | | | | |
| | | | | | Thursday — China imports and exports; AMC Entertainment, Viacom, CBS, Activision Blizzard, Uber and Yelp earnings
Friday — China inflation data; Japan GDP; US Producer Price Index | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $52.28 | +1.19 / +2.33% | | | Gold | $1,508.10 | -11.50 / -0.76% | | | 10-yr | 1.68% | -0.06 | | | Euro | $1.12 | +0.00 / +0.04% | | | |
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