SEVERE WX : Freeze Warning - Freeze Watch View Alerts

Stock futures rebound; Fed decision; Earnings galore

1. Stocks stabilize: U.S. stock futures were higher on Wednesday after two very rough trading sessions on Wall Street...

Posted: Jan 31, 2018 12:47 PM
Updated: Jan 31, 2018 12:47 PM

1. Stocks stabilize: U.S. stock futures were higher on Wednesday after two very rough trading sessions on Wall Street.

The Dow Jones industrial average dropped by 1.4% on Tuesday, its worst performance since May. The S&P 500 fell 1.1% and the Nasdaq shed 0.9%.

The losses were driven by a sell off in health care stocks and concerns about the bond market.

European markets were mostly positive on Wednesday. Many Asian markets ended the day with losses.

2. Fed watch: The U.S. Federal Reserve will announce its latest interest rate decision at 2 p.m. ET. Rates are expected to remain unchanged.

"The focus ahead of the meeting has been on the extent to which the Fed will acknowledge the recent rise in inflation pressure and inflation expectations," said Felix Ewert of Swedish bank SEB.

Fed chair Janet Yellen is overseeing her final Federal Open Market Committee meeting. She will relinquish her post to Jerome Powell on February 3.

Powell is expected to continue slowly lifting interest rates.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

3. Earnings galore: Anthem, Boeing, Eli Lilly, Energizer, Sirius XM Radio and Tupperware will publish earnings before the open.

AT&T, eBay, Facebook, Microsoft, Mondelez International, PayPal, Qualcomm and Symantec will follow after the close.

4. Blackstone's big deal: Private equity firm Blackstone has agreed to buy a majority stake in Thomson Reuters' financial and risk unit for $17 billion, putting it in direct competition with Bloomberg.

Bloomberg and Thomson Reuters provide financial data and other services to bankers, investors and regulators.

Thomson Reuters will retain a 45% stake in the data unit. The group also owns a major international news operation and a unit that specializes in legal and tax and accounting services.

5. Market movers -- Electronic Arts, Xerox, Capita: Shares in Electronic Arts jumped 7% in extended trading after the company reported quarterly results on Tuesday.

Shares in Xerox were also up 7% premarket after the company reported a new deal with Fujifilm, as well as layoffs and quarterly results.

Shares in the London-traded firm Capita dropped 40% after the government contractor announced it was suspending its dividend payouts, raising fresh investment and selling off some units.

Download CNN MoneyStream for up-to-the-minute market data and news

6. Coming this week:

Wednesday -- Earnings from Anthem, AT&T, Microsoft, eBay, PayPal, Mondelez and Facebook
Thursday -- Earnings from Apple, Alphabet, Amazon, Time Warner, Hershey, UPS, MasterCard, Visa, Mattel, DowDuPont and ConocoPhillips
Friday -- U.S. monthly jobs report

Lafayette
Cloudy
36° wxIcon
Hi: 41° Lo: 33°
Feels Like: 28°
Kokomo
Cloudy
30° wxIcon
Hi: 40° Lo: 31°
Feels Like: 20°
Rensselaer
Cloudy
32° wxIcon
Hi: 37° Lo: 32°
Feels Like: 32°
Lafayette
Cloudy
36° wxIcon
Hi: 38° Lo: 31°
Feels Like: 29°
Danville
Cloudy
32° wxIcon
Hi: 39° Lo: 32°
Feels Like: 24°
Frankfort
Cloudy
30° wxIcon
Hi: 40° Lo: 31°
Feels Like: 20°
Frankfort
Cloudy
30° wxIcon
Hi: 40° Lo: 30°
Feels Like: 20°
Monticello
Cloudy
31° wxIcon
Hi: 40° Lo: 32°
Feels Like: 24°
Monticello
Cloudy
31° wxIcon
Hi: 40° Lo: 33°
Feels Like: 24°
Logansport
Cloudy
32° wxIcon
Hi: 38° Lo: 31°
Feels Like: 32°
Snow to Two Nights of Freezing...
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 708779

Reported Deaths: 13226
CountyCasesDeaths
Marion966191721
Lake51761946
Allen39224672
Hamilton34549405
St. Joseph34157541
Elkhart27356432
Vanderburgh22081394
Tippecanoe21853212
Porter17935299
Johnson17544374
Hendricks16822310
Clark12697190
Madison12353337
Vigo12219244
Monroe11469166
LaPorte11162204
Delaware10366184
Howard9664211
Kosciusko9134114
Hancock7990139
Bartholomew7893155
Warrick7691155
Floyd7563176
Wayne6906198
Grant6844171
Boone6556100
Morgan6405138
Dubois6085117
Marshall5786108
Dearborn570376
Cass5685102
Henry5579101
Noble542683
Jackson493569
Shelby479495
Lawrence4342118
Gibson429089
Harrison428570
Clinton419753
Montgomery418086
DeKalb411184
Whitley380239
Huntington379880
Miami372865
Knox366689
Steuben365757
Putnam353160
Jasper350946
Wabash347878
Adams338052
Ripley334668
Jefferson313180
White308454
Daviess289499
Wells286481
Decatur279092
Fayette277262
Greene270785
Posey268833
Scott261153
LaGrange253670
Clay253544
Randolph235680
Washington231031
Spencer228031
Jennings225047
Fountain208845
Sullivan207942
Starke204752
Owen192356
Fulton192039
Jay186429
Carroll185920
Perry180736
Orange177853
Rush170724
Vermillion166043
Franklin165635
Tipton161043
Parke144616
Blackford133831
Pike130334
Pulaski113845
Newton104234
Brown100140
Crawford97614
Benton97113
Martin82915
Warren79715
Switzerland7698
Union69910
Ohio55811
Unassigned0408

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events