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Global risks; Trade in focus; Facebook win

1. Everywhere, risk: Investors have a lot to consider on Thursday.Traders pressed the sell bu...

Posted: Apr 12, 2018 12:12 PM
Updated: Apr 12, 2018 12:12 PM

1. Everywhere, risk: Investors have a lot to consider on Thursday.

Traders pressed the sell button on Wednesday after President Donald Trump warned Russia in a tweet that it should "get ready," because bombings "are coming" to Syria.

An uncertain political situation in the United States hasn't done much to calm nerves. Neither have worries at the US Federal Reserve over the economic harm that would result from a trade war between the United States and China.

The Dow Jones industrial average dropped 0.9% on Wednesday, while the S&P 500 lost 0.6% and the Nasdaq shed 0.4%. US crude oil futures jumped 2% to the highest levels since late 2014.

2. Trade in focus: The World Trade Organization will release its annual trade forecast on Thursday.

The organization, which administers the rules of international trade and seeks to resolve disputes, is likely to take a dim view of the brewing conflict between Washington and Beijing.

The two countries have for weeks threatened each other with major tariffs.

3. Facebook gains: Facebook CEO Mark Zuckerberg spent more than 10 hours testifying before Congress on Tuesday and Wednesday and investors appeared to like his performance.

Facebook stock ended Tuesday up 4.5%, and ticked up another 1.5% in trading on Wednesday.

The congressional hearings came nearly a month after news broke that Cambridge Analytica, a data firm with ties to President Donald Trump's campaign, accessed information from as many as 87 million Facebook users without their knowledge.

4. Global market overview: US stock futures were pointing higher.

European markets opened mixed. Markets in Asia ended the session lower, with the exception of India.

Oil reversed some of its gains early after the US Energy Information Administration reported a surprise buildup in crude inventories. Oil dipped 0.3% to trade at $66.65 per barrel.

OPEC is expected to release its monthly oil market report on Thursday, giving investors more insight into the market.

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5. Earnings and economics: BlackRock, Delta Air Lines, and Rite Aid will release earnings before the open.

The Central Bank of Mexico will announce an interest rate decision at 6 a.m. ET.

The US Labor Department is expected to publish new initial jobless claims data at 8:30 a.m. ET.

The European Central Bank will publish minutes from its March meeting at the same time.

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6. Coming this week:
Thursday -
BlackRock, Delta, Rite Aid earnings, WTO forecast, OPEC report
Friday -
Citi, JPMorgan, PNC, Wells Fargo earnings

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 253932

Reported Deaths: 5524
CountyCasesDeaths
DeSoto17120175
Hinds16207322
Harrison13353193
Rankin10689211
Jackson10303183
Lee8796141
Madison8232162
Jones6288110
Forrest5949119
Lauderdale5847180
Lowndes5355116
Lafayette494292
Lamar484165
Washington4777123
Bolivar3966108
Oktibbeha392480
Panola368378
Pontotoc362853
Monroe3533105
Warren348498
Union343060
Marshall341665
Neshoba3370152
Pearl River327899
Leflore3002105
Lincoln297085
Sunflower282669
Tate270862
Hancock266559
Alcorn263253
Itawamba262459
Pike262077
Scott246245
Prentiss245052
Yazoo244355
Copiah240849
Tippah240450
Simpson234867
Leake230564
Coahoma230054
Grenada217770
Covington211371
Marion210672
Adams204670
Winston200164
Wayne199630
George199038
Attala193559
Newton191342
Tishomingo184459
Chickasaw183644
Jasper169735
Holmes168567
Clay159033
Stone142320
Tallahatchie140134
Clarke138660
Calhoun135721
Smith120123
Yalobusha116534
Walthall111836
Noxubee110322
Greene109729
Montgomery109434
Carroll104221
Lawrence102417
Perry101631
Amite97725
Webster92224
Tunica86321
Claiborne86125
Jefferson Davis84125
Humphreys82924
Benton81523
Kemper77120
Quitman6888
Franklin66415
Choctaw60313
Wilkinson58325
Jefferson53819
Sharkey42717
Issaquena1596
Unassigned00

Alabama Coronavirus Cases

Cases: 422598

Reported Deaths: 6120
CountyCasesDeaths
Jefferson62039921
Mobile30225548
Madison27052186
Tuscaloosa20728267
Montgomery18978305
Shelby18504114
Baldwin16251182
Lee12465101
Morgan12233113
Etowah11735168
Calhoun11122200
Marshall10191107
Houston8598148
Cullman8023105
Limestone800274
Elmore7836101
DeKalb768397
Lauderdale754683
St. Clair7535120
Talladega6166108
Walker5897174
Jackson580341
Colbert532073
Blount530483
Autauga518455
Coffee441056
Dale396181
Franklin366248
Chilton336165
Russell330310
Covington327268
Escambia316842
Dallas303196
Chambers282769
Clarke281433
Tallapoosa2616107
Pike248729
Marion245650
Lawrence243647
Winston226635
Bibb215147
Geneva201435
Marengo199029
Pickens196531
Hale175842
Barbour172936
Butler169658
Fayette168226
Cherokee160330
Henry153621
Monroe145217
Randolph139835
Washington137626
Clay126145
Crenshaw118744
Lamar118019
Cleburne117423
Macon114735
Lowndes110335
Wilcox103121
Bullock99028
Perry97419
Conecuh94420
Sumter89026
Greene76023
Coosa60515
Choctaw51224
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