FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

02Jan2018 Market Close: Wall Street Begins 2018 With Gains As Momentum Still Strong, WTI Settles In The Low 60 Handle, Gold Continuing To Trend Higher

Written by Gary

US stocks rose moderately today (SPY +0.7%) in the first session of the new year as investors were optimistic that 2018 will bring more gains for the market. Analysts expect their favorite Nasdaq stocks to rise as much as 43% in 2018

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

Wall Street begins 2018 with gains as momentum still strong

(Reuters) - U.S. stocks rose on Tuesday in the first session of the new year as investors were optimistic that 2018 will bring more gains for the market.

Boeing-Embraer talks have not settled question of control: sources

SAO PAULO (Reuters) - Tie-up talks between Boeing Co and Embraer SA have not settled key questions such as control of the Brazilian planemaker or the possibility of a more narrow joint venture, two people familiar with the negotiations told Reuters, pushing back against a newspaper report on Tuesday.

Amazon says over 5 billion items shipped in 2017 via Prime

(Reuters) - Online retailer Inc said on Tuesday it shipped over 5 billion items worldwide via its subscription based Prime service in 2017 while adding more new members than ever before.

LeEco founder defies China return order, stays in U.S. for car fundraising

SHANGHAI (Reuters) - The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before the end of 2017, saying he needed to stay in the United States as a fundraising for his electric car business was making progress.

Passenger rights group takes legal action that could block Niki sale to IAG

FRANKFURT (Reuters) - A group representing airline passengers has taken legal action to shift insolvency proceedings for budget airline Niki to Austria from Germany, in a move that could endanger the sale of the Air Berlin unit to Britain's IAG .

BP sets $1.5 billion charge for U.S tax changes but sees long-term boost

LONDON (Reuters) - Oil giant BP will take a one-off $1.5 billion charge to adjust to new U.S. tax rules, but expects a long-term boost from the corporate-friendly tax rates, it said on Tuesday.

Airbus delivered over 700 jets in 2017, met target: sources

LONDON (Reuters) - European planemaker Airbus delivered over 700 aircraft in 2017, breaking company records and meeting its core industrial target for the year, industry sources said.

Speculators raised net short bitcoin positions in Dec 26 week: CFTC

NEW YORK (Reuters) - Speculators raised net short position on bitcoin futures traded on Cboe Global Markets last week amid a selloff sparked by experts' warnings of a bubble, according to data from the Commodity Futures Trading Commission released late Friday.

Oil hits highest since mid-2015, then dips

LONDON (Reuters) - Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the UK restarted and U.S production soared to the highest in more than four decades.

Mining Bitcoin In The US? Best Do It In Louisiana, Study Says

Mining Bitcoin In The US? Best Do It In Louisiana, Study Says Tyler Durden Tue, 01/02/2018 - 15:55

Men From "Syria Or Afghanistan" Arrested In German New Year's Eve Sex Attacks

Men From "Syria Or Afghanistan" Arrested In German New Year's Eve Sex Attacks Tyler Durden Tue, 01/02/2018 - 15:48

2017: The Year The Unicorn Died

2017: The Year The Unicorn Died Tyler Durden Tue, 01/02/2018 - 15:22

BofA: Beware A Violent Unwind In The Most Crowded Trades

BofA: Beware A Violent Unwind In The Most Crowded Trades Tyler Durden Tue, 01/02/2018 - 15:02

Bright Side of Higher Treasury Yields

There could be serious problems in financial markets if long-term interest rates rise in 2018. There could be serious problems if they don't.

Games Growth Not a Given in China

Selling smartphone games in China has been one of the best businesses in the world in the past few years. But can the companies involved, like tech giant Tencent, keep hitting the high scores?

Europe's 2018 Challenge: Keeping the Good News Coming

The eurozone economy performed so well in 2017 that some analysts started using the term "Euroboom" unironically, while the euro strengthened and European stocks rose. The challenge for 2018 is to maintain momentum and avoid any setbacks that might damage the goodwill built up in 2017.

The Tell: $80 oil and 9 other surprises that Byron Wien is bracing for in 2018

Blackstone's Byron Wien is back with his annual list of potential surprises for the year ahead, including a call for $80 oil and a 10% correction by the S&P 500.

The Tell: Why investors are facing 'the Icarus dilemma' in 2018

After rallying to a record number of records in 2017, is the U.S. stock market destined to fall back to earth in the new year?

How to potentially get a 30% return in three months with the 'January Effect'

The practical way to take advantage of the January Effect is to buy dips in certain stocks, says Nigam Arora.

Summary of Economic Releases this Week

Real Time Economic Calendar provided by

Earnings Summary for Today

Earnings Calendar provided by

leading Stock Positions

Leading Stock Quotes powered by

Current Commodity Prices

Commodities are powered by

Current Currency Crosses

The Forex Quotes are powered by

To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

Click here for Historical Releases Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

Econintersect Live Market

Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved