Stock markets dip; Diesel ban ruling; Tobacco company suffers

1. Negative sentiment takes hold: US stock futures...

Posted: Feb 22, 2018 1:10 PM
Updated: Feb 22, 2018 1:10 PM

1. Negative sentiment takes hold: US stock futures are pointing down again, indicating it could be another negative day on Wall Street.

The Dow Jones industrial average and S&P 500 have declined for the past two consecutive days. The Nasdaq has ended down three days in a row.

European markets are also falling in early trading, with Germany's Dax index leading the way with a 1.1% drop. The Ifo business climate index released Thursday showed a considerable cooling in business sentiment in February.

Most Asian markets ended the day in the red. But major Chinese indexes bucked the trend, closing higher on the first day of trading after a holiday.

U.S. Treasury yields continue to sit near four-year highs around 2.9%, providing an increasingly tempting alternative to stocks.

2. Germany's diesel ruling: The highest court in Germany will rule later Thursday on whether big cities such as Stuttgart and Duesseldorf should introduce strict limits on diesel vehicles, or possibly outright bans.

German drivers and automakers -- including Volkswagen, BMW and Mercedes Benz-maker Daimler -- have been bracing for bans in some cities due to growing concern about air pollution and its impact on health.

About 40% of cars in Europe use diesel, according to the European Automobile Manufacturers' Association.

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3. Earnings: Chesapeake Energy, Gildan Activewear, Hormel Foods and JAKKS Pacific are releasing earnings before the open Thursday.

Then GoDaddy, Herbalife, Hewlett Packard Enterprise, HP, Intuit, Planet Fitness, Red Robin Gourmet and Wingstop are set to release earnings after the close.

4. Market movers -- Qantas, Barclays, Ruger, British American Tobacco: Shares in Qantas soared by nearly 6% on Thursday after the Australian airline reported well-received half-year results.

Shares in Barclays are also rising by about 5% in London as investors cheered the company's annual report.

Shares in gun manufacturer Sturm Ruger are expected to dip a bit when trading opens in the US. The company said on Wednesday that net sales fell 27% in the fourth quarter of 2017, and profits were nearly cut in half.

The company, which makes a wide variety of handguns and rifles, said weaker demand was partly to blame.

One of the worst performers is British American Tobacco. Its stock is down by about 5% in London after the cigarette maker reported disappointing annual results.

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5. Coming this week:

Thursday - Hewlett Packard Enterprise and Chesapeake Energy earnings
Friday - Potbelly earnings

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 156868

Reported Deaths: 3851
CountyCasesDeaths
DeSoto10409104
Hinds10279202
Harrison7313112
Jackson6566128
Rankin5887106
Lee529496
Madison5014107
Forrest389786
Jones369088
Lauderdale3594147
Lafayette338253
Washington3246108
Lamar297850
Oktibbeha252362
Lowndes247064
Bolivar244384
Panola232653
Neshoba2249121
Marshall222851
Leflore208591
Monroe206778
Pontotoc204231
Lincoln197366
Sunflower192655
Warren180258
Tate177751
Union171926
Copiah167940
Pike165359
Yazoo160140
Scott159430
Itawamba157635
Alcorn155628
Pearl River155368
Coahoma152743
Simpson152653
Prentiss151331
Adams144752
Grenada143345
Leake139744
Holmes133461
Covington128639
Tippah128430
George128325
Winston125526
Hancock124341
Wayne121323
Marion119446
Attala119334
Tishomingo112443
Chickasaw109432
Newton108229
Tallahatchie98127
Clay94727
Clarke93653
Jasper85223
Stone80615
Calhoun78713
Walthall77629
Montgomery76926
Carroll74115
Lawrence73814
Smith73216
Yalobusha73128
Noxubee72717
Perry68326
Tunica62619
Greene61522
Jefferson Davis59017
Claiborne58916
Amite56615
Humphreys54719
Benton50018
Quitman5007
Webster46714
Kemper45018
Wilkinson40522
Jefferson37112
Choctaw3617
Franklin3555
Sharkey32417
Issaquena1204
Unassigned00

Alabama Coronavirus Cases

Cases: 252900

Reported Deaths: 3638
CountyCasesDeaths
Jefferson33526501
Mobile20103365
Madison13723151
Tuscaloosa13366154
Montgomery12552236
Shelby1079677
Baldwin9051137
Lee787266
Morgan696451
Calhoun6598121
Etowah656167
Marshall647357
Houston541038
DeKalb498137
Cullman462443
St. Clair441956
Limestone440445
Lauderdale426754
Elmore421164
Walker3735111
Talladega370157
Jackson340423
Colbert332042
Blount306140
Autauga281842
Franklin257434
Coffee250015
Dale239054
Dallas231532
Chilton228939
Russell22663
Covington225034
Escambia202331
Tallapoosa187291
Chambers182750
Pike161514
Clarke161019
Marion144736
Winston137523
Lawrence133436
Pickens126518
Geneva12508
Marengo123424
Bibb120418
Barbour118911
Butler118642
Randolph105522
Cherokee105124
Hale98131
Fayette94616
Washington93219
Clay92824
Henry8896
Monroe83011
Lowndes80929
Cleburne78814
Macon75522
Crenshaw72230
Bullock70119
Lamar7018
Conecuh70014
Perry6916
Wilcox64818
Sumter58622
Greene43518
Choctaw43114
Coosa3664
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