Dow near 26,000; BP losses; U.S. dollar weakness

1. Dow 26,000: U.S. markets appear to be headed for a strong open on Tuesday....

Posted: Jan 16, 2018 11:42 AM
Updated: Jan 16, 2018 11:42 AM

1. Dow 26,000: U.S. markets appear to be headed for a strong open on Tuesday.

U.S. stock futures were pointing higher as investors returned from the holiday weekend. The Dow Jones industrial average, which closed just above 25,800 on Friday, could blow past the 26,000 point barrier in early trading.

It's already a record-setting day on global markets. Hong Kong's Hang Seng surged 1.8% to hit an all-time high.

The index has soared by 40% over the past year thanks to strong performances by tech giant Tencent and the Chinese economy.

Tokyo's Nikkei rallied by 1%.

In Europe, markets were more mixed.

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

2. Stocks to watch -- BP, Viacom, CBS: Shares in BP slipped 1.5% in London after the oil giant said it would book $1.7 billion in new charges in 2017 related to the Deepwater Horizon oil spill.

Shares in Viacom and CBS could be on the move again after surging on Friday. News reports suggest that the media companies could be reunited once again.

3. U.S. dollar weakens: The U.S. dollar slipped 0.4% on Tuesday.

The U.S. dollar index -- which tracks the greenback versus a range of other currencies -- has shed about 2.5% this year. The currency is trading near a three-year low following a 10% decline in 2017.

Some analysts suggest that political dysfunction in the U.S. is pushing the dollar down, with investors preferring to put their money into the euro as the European economy improves.

4. Budget deadline looms: The latest short-term U.S. government spending measure is set to expire on Friday.

Republican leaders will need to pass another extension before the deadline in order to keep the government running.

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

5. Coming this week:
Tuesday -- Citigroup and UnitedHealth earnings
Wednesday -- Bank of America and Goldman Sachs earnings; Tiffany reports holiday sales
Thursday -- Morgan Stanley and IBM earnings
Friday --
January consumer sentiment report released by the University of Michigan

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 13260

Reported Deaths: 625
CountyConfirmedDeaths
Hinds89324
Lauderdale67855
Madison65421
Scott58910
Neshoba51231
Forrest48034
Jones46713
DeSoto4616
Leake38410
Holmes36523
Rankin3496
Jackson29613
Copiah2784
Attala27014
Lincoln24320
Monroe24224
Leflore24025
Harrison2346
Newton2243
Lamar2194
Yazoo2152
Pearl River20327
Pike19611
Adams18615
Lowndes1607
Noxubee1586
Washington1535
Warren1506
Bolivar14010
Jasper1393
Oktibbeha13410
Smith13110
Covington1271
Chickasaw12612
Clarke12616
Kemper12510
Lafayette1233
Carroll11310
Wayne1090
Marion1088
Lee1045
Clay993
Winston981
Coahoma983
Lawrence901
Hancock8711
Simpson850
Itawamba857
Yalobusha824
Wilkinson829
Montgomery781
Sunflower773
Grenada752
Jefferson Davis712
Union715
Tippah7011
Marshall693
Panola622
Calhoun604
Tate591
Claiborne581
Humphreys537
Amite521
Walthall510
Tunica483
Perry462
Jefferson400
Prentiss383
Stone300
Choctaw292
Webster271
Pontotoc263
Franklin252
Tishomingo250
Quitman240
Tallahatchie241
George191
Alcorn151
Benton140
Greene71
Sharkey70
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 14478

Reported Deaths: 551
CountyConfirmedDeaths
Mobile1996109
Jefferson161488
Montgomery118630
Marshall6499
Tuscaloosa50512
Lee49832
Franklin4476
Shelby43319
Tallapoosa39662
Butler34411
Chambers33623
Madison2964
Baldwin2749
Elmore2637
Etowah23610
DeKalb2213
Coffee2001
Walker1981
Dallas1973
Sumter1916
Lowndes18610
Houston1644
Morgan1621
Autauga1593
Calhoun1413
Choctaw1414
Pike1360
Colbert1362
Marengo1336
Hale1293
Russell1280
Lauderdale1282
Randolph1257
Wilcox1187
Marion11310
Bullock1111
Barbour1101
Clarke1022
St. Clair1021
Pickens934
Talladega912
Greene894
Chilton871
Dale830
Cullman760
Limestone740
Jackson692
Covington651
Washington645
Winston620
Macon602
Bibb591
Crenshaw582
Henry562
Blount491
Escambia433
Lawrence420
Coosa331
Geneva330
Cherokee332
Perry310
Monroe282
Clay272
Conecuh251
Lamar200
Cleburne131
Fayette110
Unassigned00
Tupelo
Clear
73° wxIcon
Hi: 87° Lo: 69°
Feels Like: 73°
Columbus
Clear
73° wxIcon
Hi: 89° Lo: 69°
Feels Like: 73°
Oxford
Clear
72° wxIcon
Hi: 85° Lo: 67°
Feels Like: 72°
Starkville
Clear
68° wxIcon
Hi: 86° Lo: 64°
Feels Like: 68°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather