Amazon soars; Korea summit; Oil earnings

1. Amazon on fire: Shares in Amazon jumped more than 7% in extended trading after its earnings repor...

Posted: Apr 27, 2018 12:15 PM
Updated: Apr 27, 2018 12:15 PM

1. Amazon on fire: Shares in Amazon jumped more than 7% in extended trading after its earnings report wowed investors.

Amazon made $1.6 billion in profit during the first three months of 2018, more than double the same period a year earlier. The gains came even as it invests in costly fulfillment centers and original video programming.

Analysts had expected profit to slip compared to last year.

The performance was driven by Amazon's cloud computing business, Amazon Web Services, and a fast-growing advertising division that is now a multi-billion dollar business.

2. Korea summit: Stocks in Asia posted modest gains as the leaders of North and South Korea met for the first time in more than a decade.

Kim Jong Un became the first North Korean leader to cross the demilitarized zone into South Korea since fighting ended in the Korean War. He shook South Korean President Moon Jae-in's hand on both sides of the demarcation line.

The two spoke about denuclearizing the Korean Peninsula, improving relations and seeking a formal peace settlement.

3. Oil giants in focus: Exxon Mobil and Chevron are set to report their earnings before the opening bell.

Both companies announced a surprise dividend rise on Thursday.

Exxon's stock has gained 9.7% in the past month, while Chevron is up 8.3%. However, investors will be cautious after both companies missed their earnings in the last quarter.

Phillips 66 is also reporting on Friday.

US crude oil futures have soared 12.5% this year. They were trading 0.3% lower early on Friday at $68 per barrel.

4. Global market overview: US stock futures were mixed. European markets opened mostly higher.

The Dow Jones industrial average and the S&P 500 both closed 1% higher on Thursday, while the Nasdaq surged 1.6%.

Facebook jumped 9% on Thursday, notching its best day in more than two years, after reporting earnings. Chipotle soared 24% after reporting results that were much better than expected.

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5. Earnings and economics: The British economy stalled in the first quarter of 2018, expanding by just 0.1% over the previous quarter.

That was much weaker growth than economists were expecting (0.3%) and represents a sharp slowdown from the final quarter of 2017. It's also the weakest quarterly GDP data in more than 5 years.

The pound slumped in response, falling 0.7% against the US dollar, as the weak data undermines the case for another rise in UK interest rates anytime soon.

In France, economic growth slowed to 0.3% in the first quarter. Spain's economy expanded by 0.7% over the same period.

The US Bureau of Economic Analysis will release first quarter GDP data at 8:30 a.m. ET.

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6. Coming this week:
Friday - Exxon, Chevron Corp results; Q1 GDP

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 307519

Reported Deaths: 7096
CountyCasesDeaths
DeSoto20772248
Hinds19888408
Harrison17489302
Rankin13311275
Jackson13097243
Madison9895210
Lee9856169
Jones8290160
Forrest7523146
Lauderdale7187237
Lowndes6262144
Lamar610584
Lafayette6027117
Washington5280132
Bolivar4769129
Oktibbeha455297
Panola4442103
Pearl River4419139
Warren4280118
Marshall4273100
Pontotoc416472
Monroe4057132
Union403675
Neshoba3987176
Lincoln3869108
Hancock372085
Leflore3468124
Sunflower329389
Tate322681
Pike3180104
Scott310572
Yazoo304368
Alcorn297764
Itawamba296776
Copiah292965
Coahoma289677
Simpson287484
Tippah284668
Prentiss275659
Marion265779
Wayne261341
Leake261073
Grenada254982
Covington254580
Adams245882
Newton244859
George237847
Winston225981
Tishomingo222067
Jasper219748
Attala213273
Chickasaw204857
Holmes186471
Clay182454
Stone179131
Clarke176876
Tallahatchie175240
Calhoun163230
Yalobusha158836
Smith158534
Walthall130543
Greene129433
Lawrence126223
Noxubee125933
Montgomery125542
Perry125138
Carroll120826
Amite120041
Webster113432
Jefferson Davis105432
Tunica102525
Claiborne101330
Benton97225
Kemper95226
Humphreys94332
Franklin81823
Quitman78916
Choctaw72817
Jefferson64828
Wilkinson64727
Sharkey49617
Issaquena1686
Unassigned00

Alabama Coronavirus Cases

Cases: 518899

Reported Deaths: 10712
CountyCasesDeaths
Jefferson753641487
Mobile37763798
Madison33859494
Tuscaloosa25266443
Montgomery23962565
Shelby23106238
Baldwin20631300
Lee15524165
Calhoun14284311
Morgan14139268
Etowah13662345
Marshall11957219
Houston10380278
Elmore9993200
Limestone9811147
Cullman9470188
St. Clair9426234
Lauderdale9215227
DeKalb8746181
Talladega8058171
Walker7087275
Jackson6754110
Autauga6723103
Blount6483135
Colbert6203130
Coffee5399112
Dale4767110
Russell428838
Franklin419982
Chilton4083109
Covington4053114
Tallapoosa3893146
Escambia387674
Dallas3527149
Chambers3499122
Clarke346360
Marion3065100
Pike305875
Lawrence295395
Winston272372
Bibb256258
Marengo248661
Geneva245875
Pickens232959
Barbour224755
Hale218775
Butler212266
Fayette208960
Henry187844
Cherokee182044
Randolph176941
Monroe171440
Washington164038
Macon154548
Clay149354
Crenshaw149257
Cleburne146041
Lamar139234
Lowndes136453
Wilcox124327
Bullock121340
Conecuh109028
Perry107926
Sumter102932
Coosa99228
Greene90734
Choctaw58724
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