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

West Lafayette
Clear
72° wxIcon
Hi: 82° Lo: 56°
Feels Like: 72°
Kokomo
Clear
70° wxIcon
Hi: 79° Lo: 54°
Feels Like: 70°
Rensselaer
Clear
72° wxIcon
Hi: 79° Lo: 55°
Feels Like: 72°
Fowler
Clear
72° wxIcon
Hi: 79° Lo: 56°
Feels Like: 72°
Williamsport
Clear
72° wxIcon
Hi: 81° Lo: 56°
Feels Like: 72°
Crawfordsville
Clear
70° wxIcon
Hi: 80° Lo: 56°
Feels Like: 70°
Frankfort
Clear
71° wxIcon
Hi: 80° Lo: 56°
Feels Like: 71°
Delphi
Clear
72° wxIcon
Hi: 81° Lo: 54°
Feels Like: 72°
Monticello
Clear
72° wxIcon
Hi: 80° Lo: 54°
Feels Like: 72°
Logansport
Clear
72° wxIcon
Hi: 79° Lo: 52°
Feels Like: 72°
Fantastic Friday Weather, Warmer and Wet Weekend Ahead.
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 71015

Reported Deaths: 3013
CountyConfirmedDeaths
Marion15322723
Lake7343274
Elkhart471380
Allen3725160
St. Joseph330179
Hamilton2610104
Vanderburgh184213
Hendricks1814106
Cass17669
Johnson1694118
Porter123839
Clark114846
Tippecanoe114611
Madison89565
LaPorte86930
Howard85565
Kosciusko82712
Marshall75822
Bartholomew75447
Floyd74045
Monroe70830
Delaware68052
Dubois65812
Boone65346
Noble64529
Hancock63838
Jackson5625
LaGrange55410
Warrick55330
Vigo54310
Shelby53527
Grant52029
Dearborn47928
Morgan45134
Clinton4043
Henry36919
White35110
Montgomery34621
Wayne34610
Lawrence33727
Decatur32432
Harrison30923
Putnam2778
Miami2642
Daviess25920
Scott25710
Greene24134
Franklin23413
DeKalb2234
Jasper2192
Jennings21512
Gibson2084
Steuben2043
Ripley1947
Perry17912
Fayette1777
Starke1747
Orange16624
Posey1650
Wabash1613
Fulton1592
Carroll1572
Wells1542
Jefferson1532
Whitley1476
Knox1420
Tipton1296
Huntington1213
Washington1211
Spencer1193
Newton11410
Randolph1144
Clay1045
Sullivan911
Adams892
Jay840
Owen831
Pulaski751
Brown711
Rush714
Fountain642
Benton600
Blackford592
Ohio574
Pike520
Parke501
Vermillion480
Crawford440
Switzerland440
Martin420
Union350
Warren201
Unassigned0202

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