1. historical winning streak: The Dow Jones industrial reasonable is on hearth.
The index has posted gains for 9 consecutive trading classes, and is currently at an all-time high.
The S&P 500 and Nasdaq, in the meantime, had their winning streaks snapped on Wednesday after the U.S. Federal Reserve hinted that every other charge hike might be coming in a couple of weeks.
U.S. inventory futures are maintaining steady.
European markets are largely certain in early buying and selling, though the good points are very small. Asian markets ended the day with mixed results.
2. salary: Hormel meals (HRL), Kohl’s (KSS) and Gildan Activewear (GIL) are among the companies releasing revenue sooner than the U.S. open.
Baidu.com (BIDU, Tech30), hole (GPS), Herbalife (HLF) and Nordstrom (JWN) plan to document after the close.
Nordstrom has been in the headlines recently after President Trump publicly slammed the retailer for dropping his daughter’s garb line. the company mentioned the decision used to be due to the brand’s declining gross sales.
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3. Market movers — Tesla, L brands: Shares in the father or mother firm of Victoria’s Secret and tub & physique Works — L brands (LB) — are plunging in extended buying and selling after the company pronounced its newest quarterly results.
Shares in Tesla (TSLA) have become a jolt after it released smartly-bought quarterly outcomes. The automaker posted a lack of $ 121.3 million for the quarter, an improvement over the same duration final 12 months.
Tesla stock has surged 30% this 12 months in keeping with investor optimism over the launch of the variation 3, its first mass market car.
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4. Coming this week:
Thursday – gap (GPS) and Nordstrom (JWN) income; Treasury Secretary Steven Mnuchin seems on CNBC at 7 a.m. ET.
Friday – J C Penney (JCP), Foot Locker (FL) earnings
CNNMoney (London) First printed February 23, 2017: 5:01 AM ET
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