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Dow streak; Silver Lake goes shopping; JPMorgan in China

1. Stocks keep winning: It's been a good week for US markets.The ...

Posted: May 11, 2018 11:26 AM
Updated: May 11, 2018 11:26 AM

1. Stocks keep winning: It's been a good week for US markets.

The Dow Jones industrial average closed 0.8% higher on Thursday, extending its winning streak to six days. That's the index's best run of consecutive gains since February.

The S&P 500 and the Nasdaq added 0.9%.

Stocks are benefiting from strong corporate earnings and higher oil prices. Data published Thursday show US inflation eased in April, reducing investor fears of accelerated interest rate hikes by the Federal Reserve.

US stock futures were flat on Friday.

2. JPMorgan tries again in China: America's biggest bank is taking another shot at China's huge financial markets.

JPMorgan Chase is seeking approval from the Chinese government to launch a new brokerage in the world's second biggest economy, just weeks after Beijing relaxed restrictions on foreign ownership of financial companies.

This will be the second attempt by the Wall Street giant to gain a serious foothold in China. In late 2016, it pulled out of a joint venture in which it had a 33% stake.

3. Silver Lake snaps up Zoopla: US private equity firm Silver Lake is buying the owner of two UK real estate websites for -2.2 billion ($3 billion) in cash.

Shares in ZPG, which owns the popular real estate sites Zoopla and PrimeLocation, soared 30% in London following the announcement.

Zoopla provides users with property information, including house price estimates and market trends. Zoopla founder and CEO Alex Chesterman is also the founder of LoveFilm, a DVD-by-mail service bought by Amazon in 2011.

4. Global market overview: European markets were mostly lower.

Stocks in Asia ended mixed. Markets in mainland China dropped while stocks gained in Japan, Korea and Hong Kong.

US crude futures nudged higher to $71.40 per barrel.

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5. Earnings and economics: Thomson Reuters is set to release earnings before the open.

The University of Michigan will publish its preliminary consumer sentiment report for May at 10:00 a.m. ET.

Canadian unemployment data will be released at 8:30 a.m.

European Central Bank President Mario Draghi will speak in Florence at 9:15 a.m.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

6. Coming this week:
Friday - University of Michigan's consumer sentiment survey

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 28770

Reported Deaths: 1092
CountyConfirmedDeaths
Hinds224739
DeSoto144216
Madison124234
Jones109149
Neshoba97070
Lauderdale89479
Rankin86012
Forrest82942
Harrison79410
Scott75715
Copiah58016
Leake56519
Jackson55716
Holmes53641
Wayne52212
Lee51816
Oktibbeha51625
Washington5129
Yazoo4786
Leflore47449
Warren46317
Lowndes45912
Lincoln43734
Lamar4317
Grenada3965
Pike39312
Monroe37529
Lafayette3684
Attala35523
Newton3329
Sunflower3216
Covington3175
Bolivar29813
Panola2956
Adams28018
Simpson2713
Chickasaw26418
Tate2648
Marion26311
Pontotoc2616
Jasper2516
Noxubee2478
Pearl River24532
Clay24410
Winston2446
Claiborne23910
Marshall2123
Smith21111
Clarke20424
Coahoma1906
Union1819
Walthall1794
Kemper17614
Yalobusha1667
Lawrence1621
Carroll16111
Humphreys1309
Itawamba1308
Tippah12711
Webster12610
Calhoun1244
Montgomery1242
Hancock12313
Tallahatchie1153
Jefferson Davis1074
Prentiss1003
Greene968
Jefferson963
Wilkinson929
Tunica903
Amite842
George753
Tishomingo731
Choctaw724
Quitman690
Perry634
Alcorn601
Stone541
Franklin392
Benton270
Sharkey270
Issaquena81
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 41362

Reported Deaths: 983
CountyConfirmedDeaths
Jefferson4532143
Montgomery3875102
Mobile3797134
Tuscaloosa210739
Marshall162210
Lee124537
Shelby110923
Madison11047
Morgan10203
Walker87123
Franklin86314
Dallas8419
Elmore83614
Baldwin7359
Etowah64413
DeKalb6415
Butler60727
Chambers60027
Tallapoosa57269
Autauga55312
Unassigned50724
Russell5030
Lowndes45820
Lauderdale4576
Houston4464
Limestone4290
Cullman4114
Pike4075
Colbert3775
Bullock3649
Coffee3592
Barbour3331
Covington3327
St. Clair3192
Marengo29911
Hale29621
Escambia2936
Wilcox2848
Talladega2827
Calhoun2805
Sumter27912
Clarke2686
Dale2620
Jackson2522
Winston2373
Blount2181
Pickens2176
Chilton2152
Marion20613
Monroe2052
Choctaw19212
Randolph1889
Conecuh1866
Greene1788
Macon1778
Bibb1761
Perry1541
Henry1303
Crenshaw1243
Washington1027
Lawrence1000
Cherokee797
Lamar711
Geneva700
Fayette671
Clay612
Coosa571
Cleburne301
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