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: 66646

Reported Deaths: 1874
CountyConfirmedDeaths
Hinds5544117
DeSoto357430
Harrison240635
Madison239664
Rankin225132
Jackson222542
Jones185058
Forrest175855
Washington160640
Lauderdale139790
Lee138333
Neshoba128492
Lamar119214
Oktibbeha109638
Bolivar109333
Lowndes105837
Warren103332
Panola102612
Scott99520
Sunflower99224
Lafayette95615
Copiah94528
Leflore90762
Pike89635
Holmes87348
Grenada83821
Yazoo81512
Pontotoc8098
Lincoln79641
Leake78625
Simpson78630
Monroe76952
Wayne75321
Coahoma71511
Tate70527
Marshall6749
Marion64320
Winston61116
Adams61025
Covington61013
Union60116
George5494
Newton53711
Pearl River52937
Tallahatchie52210
Attala51525
Walthall49119
Chickasaw45019
Noxubee44811
Calhoun4079
Prentiss40310
Claiborne39813
Alcorn3975
Smith39713
Clay39214
Jasper3819
Hancock37314
Tishomingo3635
Itawamba34810
Tippah34213
Clarke32525
Tunica3226
Montgomery3153
Lawrence3127
Yalobusha31210
Humphreys28311
Carroll26011
Quitman2521
Greene23611
Jefferson Davis2286
Kemper22714
Amite2256
Webster22512
Perry2237
Wilkinson20113
Jefferson1946
Sharkey1944
Stone1864
Benton1420
Choctaw1314
Franklin1192
Issaquena251
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 94827

Reported Deaths: 1674
CountyConfirmedDeaths
Jefferson12743242
Mobile9565206
Montgomery6521148
Madison525030
Tuscaloosa410371
Unassigned347461
Baldwin344323
Shelby320133
Marshall309034
Lee262844
Morgan233017
Etowah207530
DeKalb177113
Calhoun170413
Elmore169438
Walker150264
Houston136412
Russell13422
Dallas131123
St. Clair131016
Limestone128413
Franklin125820
Cullman120112
Colbert115613
Lauderdale113917
Autauga106521
Escambia105416
Talladega98613
Jackson9454
Tallapoosa84979
Chambers83538
Dale82323
Blount7743
Chilton7676
Butler75935
Coffee7475
Covington72620
Pike6907
Barbour5695
Lowndes56724
Marion56724
Marengo54614
Clarke4969
Hale46726
Bullock45411
Winston44411
Perry4364
Wilcox41810
Bibb4164
Monroe4154
Randolph39410
Pickens3849
Conecuh38210
Sumter36218
Lawrence3441
Macon33213
Washington32712
Crenshaw3133
Choctaw27912
Cherokee2637
Geneva2550
Henry2523
Greene25011
Clay2495
Lamar2172
Fayette1985
Cleburne1251
Coosa1012
Out of AL00
Tupelo
Clear
80° wxIcon
Hi: 96° Lo: 73°
Feels Like: 84°
Columbus
Clear
76° wxIcon
Hi: 94° Lo: 72°
Feels Like: 76°
Oxford
Clear
73° wxIcon
Hi: 93° Lo: 70°
Feels Like: 73°
Starkville
Clear
72° wxIcon
Hi: 93° Lo: 68°
Feels Like: 72°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather