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Coming up Major Stock Indexes Ended Lower After the Federal Reserve Left Interest Rates on the U.S

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Coming up Major Stock Indexes Ended Lower After the Federal Reserve Left Interest Rates on the U.S NORTH AMERICA For Thursday, May 3, 2018 MARKET RECAP at 4 pm ET Coming Up Major stock indexes ended lower after the Federal Reserve left interest rates On the U.S. economic calendar, the Express Scripts deal, which is being unchanged in its policy announcement. Commerce Department is expected to reviewed by the Justice Department as the U.S. crude was higher. The dollar edged report that trade deficit narrowed to $50 same time the department is reviewing a higher and spot gold rose. Treasury yields billion in March, from a gap of $57.6 billion second deal between CVS and Aetna. for most maturities fell. in February. Also, the Labor Department is likely to report 225,000 jobless claims for the week ended April 28, up from 209,000 the week before. The slew of data STOCKS Close Chng %Chng Yr-high Yr-low continues with durable goods and factory DJIA 23924.29 -174.76 -0.73 26616.71 20553.45 orders figures. The Commerce Nasdaq 7100.90 -29.81 -0.42 7637.27 6630.67 Department's report will likely show an S&P 500 2635.61 -19.19 -0.72 2872.87 2532.69 increase in factory orders in March to 1.4 Toronto 15627.93 9.00 0.06 16421.42 14785.78 percent, from 1.2 percent in February. REUTERS/Brendan McDermid FTSE 7543.20 22.84 0.30 7792.56 6866.94 Eurofirst 1519.41 8.56 0.57 1587.95 1415.80 Health insurer Cigna Corp, which has CBS Corp, in tough merger talks with Nikkei 22472.78 -35.25 -0.16 24129.34 20347.49 agreed to buy pharmacy benefit manager Viacom Inc, is expected to report a rise in Hang Seng 30723.88 -84.57 -0.27 33484.08 29129.26 Express Scripts, is expected to report first-quarter profit, helped by growth in its higher first-quarter profit. Investors will licensing business. CBS and Viacom focus on the progress of the $52 billion announced in February that they were TREASURIES Yield Price 10-year 2.9738 1 /32 2-year 2.4963 1 /32 5-year 2.8040 3 /32 KEY ECONOMIC EVENTS 30-year 3.1485 -7 /32 Events ET Poll Prior Challenger Layoffs for Apr 0730 -- 60,357 FOREX Last % Chng International trade for Mar 0830 -$50.0 bln -$57.6 bln Euro/Dollar 1.1942 -0.43 Goods trade balance (R) for Mar 0830 -- -$75.88 bln Dollar/Yen 109.91 0.05 Initial jobless claims 0830 225,000 209,000 Sterling/Dollar 1.3564 -0.35 Jobless claims 4-week average 0830 -- 229,250 Dollar/CAD 1.2878 0.25 Continued jobless claims 0830 1.838 mln 1.837 mln TR/HKEX RMB 98.31 0.02 Labor costs preliminary for Q1 0830 2.9 pct 2.5 pct COMMODITIES ($) Price Chng % chng Productivity preliminary for Q1 0830 0.9 pct 0.0 pct Front Month Crude /barrel 67.72 0.47 0.70 Markit Composite Final PMI for Apr 0945 -- 54.8 Spot gold (NY/oz) 1304.54 0.94 0.07 Markit Services PMI Final for Apr 0945 -- 54.4 Copper U.S. (front month/lb) 0.0304 0.0003 0.93 Durables ex-Defense, R mm for Mar 1000 -- 3.0 pct Durable goods, R mm for Mar 1000 -- 3.5 pct Factory orders mm for Mar 1000 1.4 pct 1.2 pct S&P 500 Price $ Chng % Chng Durables ex-transport R mm for Mar 1000 -- 0.9 pct GAINERS Nondefense cap ex-air R mm for Mar 1000 -- 0.9 pct Aptiv PLC 90.03 5.50 6.51 Factory ex-transport mm for Mar 1000 -- 0.1 pct Devon Energy Corp 38.23 2.03 5.61 Centene Corp 114.24 5.47 5.03 ISM N-Manufacturing PMI for Apr 1000 58.1 58.8 Garmin Ltd 61.95 2.96 5.02 ISM N-Manufacturing Business Activity for Apr 1000 60.0 60.6 LOSERS ISM N-Manufacturing Employment Index for Apr 1000 -- 56.6 Unum Group 39.78 -8.12 -16.95 Molson Coors Brewing Co 60.61 -11.07 -15.44 ISM N-Manufacturing New Orders Index for Apr 1000 -- 59.5 Xerox Corp 29.39 -2.90 -8.98 ISM N-Manufacturing Price Paid Index for Apr 1000 -- 61.5 C.H. Robinson Worldwide Inc 82.90 -7.75 -8.55 1 THE DAY AHEAD exploring a potential deal and in recent REUTERS/Arnd Wiegmann measure of profitability earlier than weeks have begun negotiations. expected, analysts and investors will be looking to get an update on the Printer and copier maker Xerox Corp is profitability this quarter. likely to report a drop in first-quarter revenue, hurt by falling demand for office GoPro Inc, the wearable-camera maker, is printing products. The company’s CEO and expected to report a fall in revenue in the most of its board will step down to settle a first quarter, but a narrower loss. GoPro suit by activist shareholders Carl Icahn and has been struggling to improve sales and Darwin Deason, handing over to new clear its inventory of its cameras popular management which will reconsider a Breakfast cereal maker Kellogg Co's first- with adventure-junkies. Investors will be contentious deal with Fujifilm Holdings quarter sales are expected to edge higher, looking for any updates on what the Corp. at a time the company widens its portfolio company's strategy is to turn itself around. to add healthier snacks and protein bars. REUTERS/Ronen Zvulun Investors will also watch out for sales of its Avon Products Inc is expected to report morning food and snacks businesses, smaller first-quarter loss as demand for its which have weakened due to consumers' anti-aging creams and fragrances fueled preference for low-sugar options. sales in Latin American markets. Investors will watch out for benefits from ongoing Cardinal Health Inc is scheduled to report cost savings initiatives and other signs of third-quarter earnings. The company is growth with Jan Zijderveld having taken expected to report higher revenue, driven over reigns as CEO. by its Red Oak Sourcing tie-up with CVS Health Corp. Investors will also be looking Videogame publisher Activision Blizzard Teva Pharmaceutical Industries Ltd, the for comments from the company on Inc is expected to report a rise in first- world's largest generic drugmaker, is stabilization of generic and branded drug quarter revenue, helped by the sale of its scheduled to report first-quarter results. pricing. "Call of Duty" and "Destiny 2" games. Investors will be looking for updates on Analysts and investors will be looking for possible delays in the launch of its much Newspaper publisher New York Times Co details on Activision's slate for this year. awaited treatment for migraines as well as is expected to report a rise in first-quarter information on which generic drugs it will profit as the company is estimated to sign Internet radio company Pandora Media stop producing as a result of its up more digital subscribers amid falling Inc is likely to report a drop in revenue in restructuring. print sales. Investors have been closely the first quarter hurt by stiff competition watching the company's rising expenses from Spotify and Apple Music. Regeneron Pharmaceuticals Inc is and will look out for any details on the scheduled to post first-quarter results same. IPC-Fipe inflation index numbers for amid rising competition for blockbuster April and industrial output figures for eye medicine Eylea and reimbursement Meal-kit maker Blue Apron Holdings Inc March are due on Brazil’s economic troubles over cholesterol drug Praluent. is expected to post higher revenue and a calendar. Industrial production in Brazil But analysts expect investors to stay narrower loss in the first quarter. The rose 0.2 percent in February from January. positive, as the year ahead is rife with company is expected to benefit from the opportunity for the drugmaker which plans rise in average revenue per customer, due LIVECHAT- BONDS UPDATE to expand the label on eczema drug to a more varied menu and meals with Reuters interest rate reporter Dhara Dupixent. shorter prep times. Last quarter, Blue Ranasinghe delves into government bond Apron said it could break even on a key markets. (0830 ET/1230 GMT) To join the Global Markets Forum, click here 2 THE DAY AHEAD Market Monitor Stocks dropped as investors remained concerned about worsening trade relations between the United States and China and digested the Federal Reserve's decision to leave interest rates unchanged. The Fed's announcement assuaged investors' concerns about the possibility of accelerated interest-rate increases as rising materials costs for companies have signaled a pickup in inflation. The Dow Jones Industrial Average fell or 0.72 percent, to 23,924.84, the S&P 500 dipped 0.72 percent, to 2,635.66 and the Nasdaq Composite lost 0.42 percent, to 7,100.90. Snap closed down 21.94 percent. CVS Health fell 3.03 percent. Shares of Southwest Airlines were down 1.38 percent after a Newark, New Jersey- bound flight made an emergency landing in Cleveland after a window pane cracked in flight, airline officials and the U.S. Federal Aviation Administration said. A specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Shares of Apple rose 4.42 percent. April 27. REUTERS/Brendan McDermid Treasury yields for most maturities fell as Securities in Toronto. “If inflation moves the next week," said Phil Flynn, an analyst a quarterly refunding program that aims to higher and they don’t respond to it, they at Price Futures Group.
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