Stocks rally; Buffett bets; TripAdvisor takes flight

1. Global market overview: The recovery rally continues....

Posted: Feb 15, 2018 11:55 AM
Updated: Feb 15, 2018 11:55 AM

1. Global market overview: The recovery rally continues.

European markets gained about 1% in early trading and Asian markets posted sizable gains. The Hang Seng in Hong Kong shot up by 2%.

U.S. stock futures were also moving higher.

U.S. stocks have advanced in four consecutive trading sessions, recovering from a major drop last week. The Dow rose 1% on Wednesday, the S&P 500 added 1.3% and the Nasdaq gained 1.9%.

Meanwhile, the U.S. dollar continued to weaken on Thursday.

"The biggest single factor undermining the dollar this year has been the improvement in the global economy -- a more balanced economic recovery drags investment away from the U.S. and towards more interesting markets," said Kit Juckes, a market strategist at Societe Generale.

2. South Africa surge: South Africa's benchmark stock index surged 3.6% following the resignation of President Jacob Zuma.

A slew of corruption scandals had led the ruling African National Congress party to publicly demand Zuma's resignation.

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3. The Buffett effect: Shares in Teva Pharmaceutical added 8% in Tel Aviv after it was revealed that Warren Buffett's Berkshire Hathaway had taken a $358 million stake in the company.

The generic drug maker fills about one in six generic prescriptions in the U.S.

Berkshire Hathaway also dumped almost all its IBM stock over the last three months. Buffett's company sold 35 million shares, leaving it with about 2 million.

4. Massive tech deal?: Qualcomm said in a statement on Wednesday that its leadership had met with execs from Broadcom to discuss their takeover offer.

If completed, the deal would tie up two complementary chipmaking behemoths.

5. Market movers -- TripAdvisor, Cisco, Airbus: Shares in TripAdvisor and Cisco Systems are set to rally after both companies reported well-received earnings after the bell on Wednesday.

Airbus stock is surging by about 10% in Europe after the airplane manufacturer reported its full-year results.

6. Earnings: The key companies reporting earnings on Thursday include CBS and Shake Shack. Both will report after the closing bell.

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

7. Coming this week:

Thursday - CBS earnings
Friday - Earnings from Coca-Cola, Campbell Soup, Kraft Heinz, Smucker, Newell Brands and Deere

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 87807

Reported Deaths: 2002
CountyConfirmedDeaths
Hennepin25454917
Ramsey10349316
Dakota6995125
Anoka5596132
Stearns367023
Washington349255
Scott236632
Olmsted225327
Nobles192016
Blue Earth15566
Wright14937
Carver13197
Rice12908
St. Louis128229
Mower12614
Clay121340
Sherburne106313
Kandiyohi9112
Winona82818
Lyon6344
Steele5132
Freeborn5043
Nicollet49516
Watonwan4954
Benton4923
Todd4722
Le Sueur4413
McLeod4382
Waseca4228
Chisago4211
Crow Wing41018
Otter Tail3734
Beltrami3654
Goodhue3219
Martin2909
Itasca26413
Polk2624
Becker2372
Pine2360
Isanti2340
Carlton2311
Douglas2291
Cottonwood2140
Pipestone2089
Morrison1901
Dodge1880
Chippewa1851
Sibley1693
Meeker1662
Wabasha1660
Unassigned16552
Brown1642
Murray1492
Rock1450
Yellow Medicine1442
Mille Lacs1363
Faribault1290
Jackson1251
Cass1233
Renville1206
Roseau1090
Pennington1081
Fillmore1050
Houston1040
Swift1041
Kanabec1008
Koochiching1003
Lincoln950
Redwood930
Stevens901
Pope820
Hubbard710
Aitkin691
Big Stone660
Wadena610
Grant574
Wilkin553
Norman510
Lake480
Marshall481
Mahnomen451
Lac qui Parle410
Red Lake370
Traverse290
Clearwater240
Lake of the Woods201
Kittson130
Cook60

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 78552

Reported Deaths: 1255
CountyConfirmedDeaths
Polk15133256
Johnson496227
Woodbury486561
Black Hawk431686
Linn3722105
Story326317
Scott271227
Dubuque266140
Dallas265338
Pottawattamie195137
Buena Vista193312
Marshall175634
Sioux12753
Wapello124357
Webster118414
Muscatine105452
Clinton104618
Plymouth100120
Cerro Gordo98621
Crawford9804
Warren9226
Jasper74232
Des Moines7247
Marion7014
Tama68531
Carroll6275
Henry5974
Lee5857
Wright5571
Dickinson4756
Bremer4597
Boone4557
Washington42711
Louisa41915
Franklin33117
Mahaska32619
Delaware3183
Hamilton3143
Jackson2923
Floyd2913
Winneshiek2835
Benton2781
Clay2773
Hardin2731
Winnebago26211
Butler2572
Clarke2533
Emmet24810
Shelby2411
Jones2393
Allamakee2375
Poweshiek2368
Lyon2323
Buchanan2291
Clayton2273
Cedar2171
Guthrie2115
Kossuth2090
Chickasaw2030
Grundy2002
Madison1992
Sac1980
Cherokee1792
Howard1795
Iowa1791
Fayette1781
Mitchell1750
Hancock1712
Harrison1692
Humboldt1693
Calhoun1672
Mills1621
Palo Alto1560
Pocahontas1502
Monroe14410
Page1410
Lucas1386
Jefferson1321
Cass1282
Monona1281
Osceola1210
Appanoose1193
Taylor1191
Union1193
Davis1134
Van Buren1081
Worth1000
Keokuk891
Montgomery855
Ida840
Greene820
Fremont790
Wayne792
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Decatur580
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