Before the Open (Apr 2)

Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets closed mixed. India, Indonesia and the Philippines did well; Japan, New Zealand and Australia were weak. Europe, Africa and the Middle East currently lean to the upside. France, Germany, Denmark, South Africa, Kenya, Hungary, Portugal and Sweden are doing well; the UAE, Greece, Israel and Bulgaria are down. Futures in the States point towards a moderate gap down open for the cash market.
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The dollar is down. Bitcoin is up. Oil and copper are up. Gold and silver are up. Bonds are down.
Stock headlines from barchart.com…
Facebook (FB +4.42%) CEO Zuckerberg told Vox in an interview that it will take “a few years” to fix Facebook
Walmart (WMT +1.37%) is moving closer to acquiring Humana (HUM)
Tesla (TSLA +3.24%) is trading lower on continued concern about the recent autonomous driving accident in California and news of a recall on Model S cars build before April 2016. Tesla is expected to announce Q1 delivery figures early this week.
Fitbit (FIT +3.87%) is trading lower after Morgan Stanley issued a negative opinion
Agilent’s (A +0.75%) price target was raised to $95 from $90 at Morgan Stanley on stronger cyclical trends in the sector.
Northern Trust (NTRS +1.98%) was upgraded to Buy at Goldman and the price target was raised to $121 from $113.
Baker Hughes (BHGE -1.07%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America-Merrill Lynch.
Today’s Economic Calendar
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
6:00 PM Fed’s Kashkari speech

Other
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY

5 thoughts on “Before the Open (Apr 2)

  1. Concerns for current us debt levels, interest rates low, Fed policy threatens higher rates. holding lots of cash. China threatens higher tariffs this AM.

    1. DOWN 409 DOW points 0900hrs PT done 500 dow points
      ; too much pain TOO LAST UNLESS MAJOR CORRECTION is now UNDERWAY. Possible major correction since market leadership showing weakness’

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