Yesterday’s wild U.S. stock session, which saw the Dow Jones Industrial Average drop as much as 1,500 points, went global last night.
- The MSCI Asia Pacific Index fell 3.5 percent to wipe out gains for the year, while Japan’s Nikkei 225 Stock Average closed 4.7 percent lower to enter a so-called correction, capping a 10 percent decline from the recent peak.
- In Europe, the Stoxx 600 Index was 1.8 percent lower at 5:45 a.m. ET, with every industry sector losing ground.
- S&P 500 futures were unchanged in the premarket but there were large swings in both directions.
- Bitcoin briefly traded below $6,000 overnight last night as weakness in digital currency continued.
- A barrel of West Texas Intermediate for March delivery dropped to $63.85 by 5:45 a.m. ET as raw materials were involved in the market selloff.
Corporate Quarterly Earnings announcements continue today. Notables Chipotle Mexican Grill, Gilead Sciences, Snap, Tapestry, Walt Disney and General Motors are among those expected.
Texas Instruments provides a business update to analysts today.
The JOLTS Report for December 2017 was released. The U.S. Bureau of Labor Statistics reported that the number of job openings was little changed from the previous month at 5.8 million on the last business day of December.