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Stocks rally; Buffett bets; TripAdvisor takes flight

1. Global market overview: The recovery rally continues....

Posted: Feb 15, 2018 11:55 AM
Updated: Feb 15, 2018 11:55 AM

1. Global market overview: The recovery rally continues.

European markets gained about 1% in early trading and Asian markets posted sizable gains. The Hang Seng in Hong Kong shot up by 2%.

U.S. stock futures were also moving higher.

U.S. stocks have advanced in four consecutive trading sessions, recovering from a major drop last week. The Dow rose 1% on Wednesday, the S&P 500 added 1.3% and the Nasdaq gained 1.9%.

Meanwhile, the U.S. dollar continued to weaken on Thursday.

"The biggest single factor undermining the dollar this year has been the improvement in the global economy -- a more balanced economic recovery drags investment away from the U.S. and towards more interesting markets," said Kit Juckes, a market strategist at Societe Generale.

2. South Africa surge: South Africa's benchmark stock index surged 3.6% following the resignation of President Jacob Zuma.

A slew of corruption scandals had led the ruling African National Congress party to publicly demand Zuma's resignation.

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3. The Buffett effect: Shares in Teva Pharmaceutical added 8% in Tel Aviv after it was revealed that Warren Buffett's Berkshire Hathaway had taken a $358 million stake in the company.

The generic drug maker fills about one in six generic prescriptions in the U.S.

Berkshire Hathaway also dumped almost all its IBM stock over the last three months. Buffett's company sold 35 million shares, leaving it with about 2 million.

4. Massive tech deal?: Qualcomm said in a statement on Wednesday that its leadership had met with execs from Broadcom to discuss their takeover offer.

If completed, the deal would tie up two complementary chipmaking behemoths.

5. Market movers -- TripAdvisor, Cisco, Airbus: Shares in TripAdvisor and Cisco Systems are set to rally after both companies reported well-received earnings after the bell on Wednesday.

Airbus stock is surging by about 10% in Europe after the airplane manufacturer reported its full-year results.

6. Earnings: The key companies reporting earnings on Thursday include CBS and Shake Shack. Both will report after the closing bell.

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

7. Coming this week:

Thursday - CBS earnings
Friday - Earnings from Coca-Cola, Campbell Soup, Kraft Heinz, Smucker, Newell Brands and Deere

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 259117

Reported Deaths: 5668
CountyCasesDeaths
DeSoto17436187
Hinds16524328
Harrison13876199
Rankin11000217
Jackson10652187
Lee8981141
Madison8413168
Jones6552112
Forrest6101121
Lauderdale6034189
Lowndes5463119
Lafayette507393
Lamar496465
Washington4877124
Bolivar4068109
Oktibbeha401681
Panola378380
Pontotoc372155
Monroe3628105
Warren3619101
Union350563
Marshall349569
Neshoba3433152
Pearl River3380104
Leflore3079108
Lincoln300687
Sunflower289272
Hancock285360
Tate276762
Alcorn268854
Pike266580
Itawamba266261
Scott253448
Yazoo250156
Prentiss249552
Tippah245850
Copiah244549
Coahoma243654
Simpson240069
Leake234367
Grenada221171
Marion218473
Covington216972
Adams210170
Wayne206432
Winston205267
George202739
Attala195761
Newton195745
Tishomingo192461
Chickasaw186144
Jasper176038
Holmes169868
Clay162735
Tallahatchie154935
Stone148424
Clarke143562
Calhoun138021
Smith125825
Yalobusha120234
Walthall113437
Greene112129
Noxubee111425
Montgomery110936
Carroll105922
Lawrence104317
Perry103231
Amite99926
Webster94324
Tunica87621
Jefferson Davis87327
Claiborne86825
Benton84023
Humphreys83624
Kemper79120
Quitman7029
Franklin68716
Choctaw62313
Wilkinson58825
Jefferson55920
Sharkey44217
Issaquena1606
Unassigned00

Alabama Coronavirus Cases

Cases: 432536

Reported Deaths: 6379
CountyCasesDeaths
Jefferson63523957
Mobile30967562
Madison27627201
Tuscaloosa21122268
Montgomery19495326
Shelby18941126
Baldwin16798188
Lee12901102
Morgan12447129
Etowah11911178
Calhoun11365205
Marshall10322119
Houston8813156
Limestone823176
Cullman8159106
Elmore8056104
DeKalb7796102
Lauderdale773399
St. Clair7705122
Talladega6347109
Walker5993174
Jackson590341
Colbert543274
Blount541186
Autauga527061
Coffee454160
Dale405482
Franklin371948
Russell345712
Chilton340972
Covington334168
Escambia328344
Dallas310196
Chambers297370
Clarke290536
Tallapoosa2665107
Pike258830
Marion250155
Lawrence249150
Winston231442
Bibb219848
Geneva206946
Marengo205229
Pickens198631
Hale180842
Barbour177836
Fayette174528
Butler171358
Cherokee162530
Henry157523
Monroe150718
Randolph143236
Washington139527
Clay128546
Crenshaw121644
Cleburne119724
Lamar119621
Macon119637
Lowndes112536
Wilcox105822
Bullock101428
Perry99118
Conecuh96320
Sumter89726
Greene76723
Coosa62215
Choctaw51624
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