U.S. Stocks Rebound as Oil Surges, Facebook Leads Rally in Tech

U.S. stocks rebounded from a selloff Wednesday as better-than-estimated results from Facebook Inc. boosted technology shares and crude oil rallied for a third day to lift energy producers.

The Standard & Poor’s 500 Index gained 0.9 percent to 1,899.64 at 9:32 a.m. in New York, after sliding 1.1 percent yesterday, as the gauge alternated between daily gains and losses for a fifth session. Oil rose to a three-week high in New York after Interfax reported that OPEC and other producers will meet in February to discuss a potential output cut.

Stocks dropped yesterday after the Federal Reserve, while largely maintaining its policy stance, signaled financial-market turmoil may pose risks to its economic outlook. An Apple-led slump in technology shares and Boeing Co.’s biggest drop in 14 years also weighed on equities.

Investors are looking to earnings as a possible bright spot in the worst month for stocks in at least five years. Analysts estimate profit at S&P 500 firms fell 6.3 percent in the fourth quarter, better than predictions a week earlier that called for a 7 percent slump. Of those that have already posted results, 80 percent beat earnings projections and 51 percent exceeded sales forecasts. Amazon and Microsoft Corp. are due to report results later today.

Fed policy makers left interest rates unchanged yesterday and said they still expect to raise borrowing costs at a “gradual” pace, while watching to see the impact of the global economy and markets. The comments sent the probability of a March hike lower, to 12 percent from about one-in-four odds before the meeting.

Data today showed orders for business equipment fell in December by the most in 10 months, a sign U.S. companies were slashing capital investment even before the turmoil in global financial markets. Orders for all durable goods — items meant to last at least three years — slumped 5.1 percent, the most since August 2014 and reflecting a broad-based pullback.

Source : Bloomberg

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Indeks Berjangka S & P Bertahan Stabil Jelang Hasil Dari Facebook; Tesla Menguat

Indeks saham berjangka AS sedikit berubah seiring berlanjutnya musim laba, dengan Facebook Inc., Allergan Plc. dan Time Warner Inc akan melaporkan hasilnya pada hari ini.

Kontrak indeks Standard & Poor 500 yang berakhir pada bulan Desember nanti naik sebesar 0,1 persen menjadi 2.104,75 pada 9:46 pagi di London. Indeks berjangka di Nasdaq 100 naik 0,1 persen, sementara kontrak Dow Jones Industrial Average naik 26 poin ke 17.867.

Tesla Motors Inc melonjak 8 persen pada awal perdagangan New York setelah mengulangi perkiraan pengiriman 50.000 kendaraan di tahun ini sambil mengatakan bahwa hal tersebut berada di jalur untuk mengungkapkan Model 3 pada akhir Maret. Mylan NV naik 1,5 persen setelah mengusulkan pengambilan suara untuk pemegang saham pada perubahan tata kelola perusahaan jika melengkapi tawaran pengambilalihan untuk Perrigo Co Saham Perrigo naik 1,8 persen.

Saham memperpanjang reli kemarin, dengan S & P 500 mencapai level tertingginya tiga bulan. Sektor energi dan produsen komoditas, adalah dua dari mereka yang terkena dampak terbesar dari aksi selloff di bulan Agustus dan September, memimpin kenaikan. Indeks acuan telah naik sebesar 13 persen sejak menyentuh level terendahnya sejauh tahun ini pada bulan Agustus setelah kejutan dari devaluasi yuan China yang mengirim pasar ke dalam gejolak.

Lebih dari 100 perusahaan di indeks S & P 500 yang akan melaporkan angka-angka mereka pada minggu ini, dengan MetLife Inc, Twenty-First Century Fox Inc dan Qualcomm Inc. merupakan nama-nama lain yang akan mencatatkan hasil di hari ini. Perusahaan yang telah melaporkan hasil mereka sejauh musim ini, sekitar 73 persen telah mengalahkan perkiraan laba, sementara hanya 44 persen telah melampaui perkiraan penjualan.(mrv)

Sumber: Bloomberg

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