Housing Starts Plunge 18% After October Jump
http://www.cnbc.com/2016/12/16/us-housing-starts-nov-2016.html
The Closing Look
Stocks rallied on Thursday as buyers showed up one day after the Fed raised rates for the second time in a decade. The US dollar surged to a 14-year high as investors believe the Fed will raise rates more aggressively in 2017. In economic news, CPI (Consumer Price Index) increased by +0.2% last month which matched…
GM expands testing, production of self-driving cars in Michigan
http://www.reuters.com/article/us-gm-ceo-idUSKBN1442QA
Friday’s Pre-Market Look: Stocks In The News Before The Open
Eagle Bulk Shipping (EGLE) jumped 10% in after-hours trading after Goldentree, the second-largest holder of Eagle Bulk Shipping stock, entered into a pact to buy 2.5 million shares of the company’s stock. Agios Pharmaceuticals (AGIO) slumped 20% in after-hours trading after it ended development of its AG-519 drug for early-stage anemia after the FDA put…
Rising rents lift U.S. inflation; labor market tightens
http://www.reuters.com/article/us-usa-economy-jobless-idUSKBN1441O7
U.S. challenges China’s grain import quotas at WTO
http://www.reuters.com/article/us-usa-china-trade-idUSKBN1442PQ
The Morning Look
Market Update: Stock futures are slightly higher before Friday’s open on the last day of the week. Today is also quadruple witching day which means volume will be higher than normal because a series of options expire today. Gary’s Thoughts: Futures up a wee bit. No real issues with market unless you own the anti-strong…
U.S. states sue Mylan, Teva, others for fixing drug prices
http://www.reuters.com/article/us-usa-drugpricing-idUSKBN14420C
Dollar, bond yields advance on Fed rate hike
http://www.reuters.com/article/us-global-markets-idUSKBN14331K?il=0
Required Reading
A chapter closes on Turkey’s ambitions Aleppo rebel evacuation takes place after ceasefire deal Charleston church gunman found guilty of federal hate crimes Targeting U.S. automaker signals possible China retaliation over Trump talk Trump taps retired general, TV analyst for National Security Council posts Verizon considers changing Yahoo deal after latest breach