BREAKING NEWS Temples, mosques and churches in New York State can reopen with 25% capacity Full Story

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 1:12 PM
Updated: Apr 12, 2018 1:12 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.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

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.

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

6. Coming this week:
Thursday -
BlackRock, Delta, Rite Aid earnings, WTO forecast, OPEC report
Friday -
Citi, JPMorgan, PNC, Wells Fargo earnings

New York Coronavirus Cases

County data is updated nightly.

Confirmed Cases: 376208

Reported Deaths: 30236
CountyConfirmedDeaths
New York City20594021782
Nassau407972132
Suffolk402391918
Westchester338541389
Rockland13297655
Orange10484444
Erie6359549
Dutchess3984142
Monroe3117230
Onondaga2329149
Albany1941112
Ulster171177
Sullivan140931
Putnam127060
Niagara109970
Oneida107758
Schenectady70630
Broome60552
Rensselaer49728
Saratoga49614
Columbia41134
Madison32315
Warren25628
Orleans24741
Steuben24641
Greene24218
Washington24013
Fulton21924
Ontario2199
St. Lawrence2072
Genesee2055
Tompkins1670
Chemung1372
Tioga13422
Chenango1335
Wayne1223
Livingston1217
Herkimer1153
Oswego1123
Cayuga982
Clinton974
Chautauqua974
Montgomery964
Cattaraugus925
Wyoming885
Delaware844
Jefferson750
Otsego735
Seneca610
Schoharie510
Allegany510
Cortland410
Yates396
Essex380
Franklin230
Lewis200
Schuyler120
Hamilton50
Unassigned00
Utica
Clear
77° wxIcon
Hi: 80° Lo: 52°
Feels Like: 78°
Oneonta
Clear
75° wxIcon
Hi: 78° Lo: 51°
Feels Like: 75°
Herkimer
Clear
77° wxIcon
Hi: 79° Lo: 52°
Feels Like: 78°
Thendara
Clear
77° wxIcon
Hi: 74° Lo: 46°
Feels Like: 78°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
Click here to learn more about A Healthier Mohawk Valley
Saluting Those Who Are Proud 2 Serve
Senior Send-Off brought to you by Herkimer College
Menu 2 Go list of takeout dinners & fish fries
Apply to Go the Distance 2020
23 courses for only $79.99