U.S. stock futures today, with the S & P 500 rose 0.5%, index Dow Jones rose by 0.78% and the Nasdaq rose 0.54%. This occurs as stocks shrugged off a US-led airstrike on Syria over the weekend.
Meanwhile, crude oil fell yesterday, as it turns out, the air strikes were not the catalyst for world war III in the end. Black Material acquired in the past week more than 8% amid fears of geopolitical instability may lead to production slowdowns. On the contrary, prices fell by 1.6%.
No sector finished in the red yesterday, with utilities leading the way. Financials were the Laggards amid lingering frustration with big Bank earnings. Bank of America Corp (Ticker NYSE:bac) fell 0.7%, despite reporting better-than-expected results. Evidence that rising interest rates are biting on such things as mortgages and defaults on credit cards is the reason for the detention.
Merck & Co., In Ink. (Ticker NYSE:MRK) rose 2.6%, breaking up and out of a long trading range back in October and is pushing above its 200-day moving average, after posting better-than-expected clinical trial results for vessels of immunotherapy.
Bristol-Myers Squibb co (indexfor my) fell by 7.8%, despite reporting better-than-expected clinical results. But the results are not as good as some RTOS.
Today the market will receive updated data on U.S. industrial production and a package of Federal reserve speeches of politicians, including the President of the fed San Francisco John Williams, President of the Chicago fed Charles Evans.
Check trade Serge Berger of the day on April 17.
Today the retail landscape
To see a list of companies reporting in earnings today, click here.
The list of economic reports this week needs to go, click here.
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Anthony Mirhaydari is founder of the edge (etfs) and edge Pro (variants) of the investment newsletters. Free two – and four-week study of offers extended to InvestorPlace readers.