Stock markets dip; Diesel ban ruling; Tobacco company suffers

1. Negative sentiment takes hold: US stock futures...

Posted: Feb 22, 2018 2:10 PM
Updated: Feb 22, 2018 2:10 PM

1. Negative sentiment takes hold: US stock futures are pointing down again, indicating it could be another negative day on Wall Street.

The Dow Jones industrial average and S&P 500 have declined for the past two consecutive days. The Nasdaq has ended down three days in a row.

European markets are also falling in early trading, with Germany's Dax index leading the way with a 1.1% drop. The Ifo business climate index released Thursday showed a considerable cooling in business sentiment in February.

Most Asian markets ended the day in the red. But major Chinese indexes bucked the trend, closing higher on the first day of trading after a holiday.

U.S. Treasury yields continue to sit near four-year highs around 2.9%, providing an increasingly tempting alternative to stocks.

2. Germany's diesel ruling: The highest court in Germany will rule later Thursday on whether big cities such as Stuttgart and Duesseldorf should introduce strict limits on diesel vehicles, or possibly outright bans.

German drivers and automakers -- including Volkswagen, BMW and Mercedes Benz-maker Daimler -- have been bracing for bans in some cities due to growing concern about air pollution and its impact on health.

About 40% of cars in Europe use diesel, according to the European Automobile Manufacturers' Association.

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3. Earnings: Chesapeake Energy, Gildan Activewear, Hormel Foods and JAKKS Pacific are releasing earnings before the open Thursday.

Then GoDaddy, Herbalife, Hewlett Packard Enterprise, HP, Intuit, Planet Fitness, Red Robin Gourmet and Wingstop are set to release earnings after the close.

4. Market movers -- Qantas, Barclays, Ruger, British American Tobacco: Shares in Qantas soared by nearly 6% on Thursday after the Australian airline reported well-received half-year results.

Shares in Barclays are also rising by about 5% in London as investors cheered the company's annual report.

Shares in gun manufacturer Sturm Ruger are expected to dip a bit when trading opens in the US. The company said on Wednesday that net sales fell 27% in the fourth quarter of 2017, and profits were nearly cut in half.

The company, which makes a wide variety of handguns and rifles, said weaker demand was partly to blame.

One of the worst performers is British American Tobacco. Its stock is down by about 5% in London after the cigarette maker reported disappointing annual results.

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5. Coming this week:

Thursday - Hewlett Packard Enterprise and Chesapeake Energy earnings
Friday - Potbelly earnings

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 118322

Reported Deaths: 3591
CountyConfirmedDeaths
Marion21502767
Lake10688323
Elkhart6707111
St. Joseph6619113
Allen6330205
Hamilton4938109
Vanderburgh378131
Hendricks2766124
Monroe265536
Tippecanoe256613
Johnson2352124
Clark225957
Porter219947
Delaware200162
Cass19559
Vigo186827
Madison170375
LaPorte149141
Floyd139664
Warrick138242
Howard132663
Kosciusko125917
Bartholomew118457
Marshall101524
Dubois99919
Boone99146
Grant95134
Hancock94643
Noble93132
Henry81226
Jackson7739
Wayne77014
Morgan73438
Daviess68028
Shelby68029
Dearborn67528
LaGrange64011
Clinton62314
Harrison59224
Putnam58411
Gibson5355
Knox5289
Lawrence51629
Montgomery51121
DeKalb48811
White48714
Decatur45939
Miami4394
Greene42735
Fayette42313
Jasper4012
Scott39011
Steuben3907
Posey3460
Sullivan33812
Jennings31612
Franklin31325
Clay3085
Ripley3078
Orange28824
Whitley2826
Carroll27813
Adams2763
Wabash2728
Starke2717
Washington2701
Wells2674
Spencer2633
Jefferson2503
Huntington2473
Fulton2442
Tipton22822
Randolph2238
Perry22113
Jay1920
Newton17411
Owen1711
Martin1680
Pike1641
Rush1574
Vermillion1310
Fountain1292
Blackford1213
Pulaski1141
Crawford1100
Parke1072
Brown1043
Benton870
Ohio797
Union790
Switzerland690
Warren411
Unassigned0226

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 151802

Reported Deaths: 4746
CountyConfirmedDeaths
Franklin27119607
Cuyahoga17554656
Hamilton13237315
Montgomery7938164
Lucas7343364
Butler6085111
Summit5366252
Warren311549
Marion311147
Mahoning3095281
Stark2913175
Pickaway267944
Lorain233386
Delaware230621
Fairfield213253
Licking194963
Columbiana194080
Wood192172
Trumbull1916132
Clark183940
Clermont174423
Lake164851
Greene149034
Medina147539
Miami146351
Allen146269
Portage116866
Mercer113218
Erie95947
Tuscarawas94120
Wayne94068
Richland92219
Ross89624
Madison84312
Darke80643
Geauga72649
Athens7242
Belmont72427
Hancock72010
Lawrence67122
Ashtabula66048
Shelby66010
Putnam61923
Auglaize6119
Sandusky58020
Huron5557
Union5512
Scioto5167
Seneca48814
Ottawa47130
Preble44515
Muskingum4383
Holmes3959
Jefferson3384
Henry33414
Defiance33012
Champaign3133
Logan3133
Clinton30213
Perry3009
Brown2922
Knox28815
Washington26223
Jackson2616
Morrow2612
Fulton2591
Hardin25713
Crawford2476
Ashland2464
Coshocton23411
Fayette2336
Highland2303
Williams2143
Wyandot21312
Pike2020
Gallia19613
Meigs17610
Guernsey1738
Hocking1679
Carroll1527
Adams1364
Van Wert1243
Monroe11018
Paulding1100
Harrison643
Morgan500
Vinton473
Noble340
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