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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.

Confirmed Cases: 119336

Reported Deaths: 3328
CountyConfirmedDeaths
Hinds8109180
DeSoto734280
Harrison553785
Jackson488488
Rankin412386
Madison388094
Lee368682
Forrest313478
Jones298484
Washington2644100
Lauderdale2611135
Lafayette256043
Lamar234040
Oktibbeha206055
Bolivar205279
Neshoba1883111
Lowndes182862
Leflore173088
Panola172241
Sunflower165949
Warren156656
Monroe154873
Pontotoc151520
Marshall150530
Lincoln144859
Pike140956
Copiah139936
Scott128129
Coahoma126537
Union126025
Yazoo124534
Simpson124049
Grenada123139
Tate123039
Pearl River117960
Itawamba117827
Leake117042
Holmes115160
Adams110245
Prentiss109520
Alcorn105012
Wayne103422
George103020
Covington99729
Marion96944
Tippah95124
Hancock88128
Newton88128
Chickasaw87028
Winston85921
Tallahatchie85826
Tishomingo83141
Attala80927
Clarke78353
Clay71522
Jasper69817
Walthall64827
Calhoun63613
Smith60816
Noxubee60317
Yalobusha56616
Montgomery56523
Lawrence55314
Claiborne54216
Tunica53917
Perry52823
Carroll50912
Stone49814
Greene48218
Humphreys45817
Amite43413
Jefferson Davis42412
Quitman4246
Webster38213
Benton36911
Wilkinson34321
Kemper33415
Sharkey29115
Jefferson28110
Franklin2533
Choctaw2096
Issaquena1074
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 162720

Reported Deaths: 2735
CountyConfirmedDeaths
Jefferson23940385
Mobile17123319
Tuscaloosa10602141
Montgomery10503199
Madison955798
Shelby760565
Baldwin676869
Lee664965
Calhoun476562
Marshall447451
Etowah441952
Morgan430835
Houston423934
DeKalb355429
Elmore327858
St. Clair311342
Limestone297031
Walker287493
Talladega276437
Cullman266525
Lauderdale240543
Jackson225317
Autauga212631
Colbert210232
Franklin209432
Blount200925
Russell19833
Chilton192332
Dallas189227
Dale184952
Coffee183611
Covington177329
Escambia175831
Clarke138717
Chambers138047
Tallapoosa137287
Pike136414
Marion110931
Barbour10559
Marengo104622
Butler101941
Winston94713
Geneva9427
Pickens89018
Lawrence88533
Bibb86115
Randolph84616
Hale78130
Cherokee76414
Clay76312
Washington75812
Henry7316
Lowndes72128
Monroe66310
Bullock65117
Crenshaw61230
Fayette59913
Perry5996
Cleburne5799
Conecuh57213
Wilcox57112
Macon54320
Lamar5235
Sumter48621
Choctaw39512
Greene34516
Coosa2173
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