Xerox deal talk; Bumpy bitcoin; Delta earnings

1. Stock enthusiasm wanes: After a terrific start to the year, enthusiasm in U.S. stock markets seem...

Posted: Jan 11, 2018 12:04 PM
Updated: Jan 11, 2018 12:04 PM

1. Stock enthusiasm wanes: After a terrific start to the year, enthusiasm in U.S. stock markets seems to have waned a bit.

U.S. stock futures are holding steady after the Dow Jones industrial average, S&P 500 and Nasdaq all dipped by 0.1% on Wednesday.

But the indexes are still very close to all-time highs set earlier this week. Sentiment has been spurred by enthusiasm over the new tax law, solid economic growth and good corporate earnings.

Investors are now mulling their next moves.

European markets are mostly negative in early trading. Asian markets ended the day with mixed results.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

2. Market mover -- Xerox: Shares in Xerox are expected to pop at the open following media reports that the company is considering a deal with Japan's Fujifilm.

Xerox -- a pioneer in the photocopier industry -- is currently worth just $7.7 billion. Fujifilm is worth about $22 billion.

A Xerox spokesperson said she wouldn't "comment on speculation." Fujifilm also declined to comment.

3. Bumpy bitcoin: Bitcoin trading could soon be outlawed in one of the virtual currency's biggest markets.

The South Korean government is preparing a bill to ban trading in all cryptocurrencies including bitcoin, Justice Minister Park Sang-ki said Thursday.

"There are great concerns regarding virtual money," Park told reporters in Seoul. "The government has repeatedly warned about the fact that it is a very dangerous transaction but the message has not properly been delivered."

Park didn't give details on when the bill would be introduced. But his comments prompted bitcoin to drop by about 14% overnight. It has since recovered slightly.

4. Earnings: Delta Air Lines plans to release earnings before the open Thursday.

Download CNN MoneyStream for up-to-the-minute market data and news

5. Coming this week:

Thursday -- Delta earnings; Consumer Electronics Show continues in Las Vegas
Friday -- JPMorgan, Wells Fargo, BlackRock report earnings; December retail sales

Article Comments

Mason City
Broken Clouds
68° wxIcon
Hi: 85° Lo: 67°
Feels Like: 68°
Albert Lea
70° wxIcon
Hi: 84° Lo: 66°
Feels Like: 70°
Broken Clouds
72° wxIcon
Hi: 86° Lo: 68°
Feels Like: 72°
Charles City
70° wxIcon
Hi: 84° Lo: 67°
Feels Like: 70°
69° wxIcon
Hi: 84° Lo: 66°
Feels Like: 69°
Today kicks off somewhat of an active pattern with low severe weather risks for the work week
KIMT Radar
KIMT Eye in the sky

Latest Video


The ongoing need for blood donors


Rochester Salvation Army store to close

StormTeam 3: Tracking returning rain


KoMet volleyball sweeps Byron 3-0


Latest Iowa AP football poll


Dover-Eyota gets past St. Charles


Talking about homelessness


Getting to see the new electric bus


Chris' PM Weather Forecast 9/17


Float therapy to reset your brain

Community Events