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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

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Reported Deaths: 878
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Ramsey231697
Stearns192312
Nobles14572
Anoka116455
Dakota105935
Olmsted55110
Washington50626
Kandiyohi4541
Clay36623
Rice3652
Scott3462
Wright2401
Sherburne2081
Todd1970
Benton1662
Carver1612
Mower1501
Steele1400
Martin1245
Blue Earth1121
St. Louis11113
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Winona7715
Carlton730
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Cottonwood620
Polk582
Otter Tail550
Itasca527
Goodhue522
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Chisago481
Dodge430
Meeker420
Crow Wing421
Le Sueur411
Chippewa400
Jackson390
Morrison380
Murray350
Becker320
Lyon310
Douglas290
McLeod260
Isanti250
Waseca240
Rock210
Unassigned199
Fillmore171
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Wabasha160
Swift150
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Beltrami120
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Cass113
Faribault110
Brown112
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Pennington70
Pope70
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Wadena60
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Mahnomen51
Renville50
Lac qui Parle30
Red Lake30
Big Stone30
Redwood30
Traverse30
Grant20
Houston20
Clearwater20
Hubbard10
Kittson10
Lake10
Roseau10

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 17227

Reported Deaths: 456
CountyConfirmedDeaths
Polk3714108
Woodbury255524
Black Hawk167639
Linn92775
Marshall86611
Dallas84914
Johnson5987
Muscatine54339
Wapello5004
Crawford4772
Tama39023
Louisa3347
Scott3319
Dubuque31916
Jasper25616
Buena Vista2310
Pottawattamie2106
Sioux1990
Washington1798
Allamakee1184
Wright1170
Plymouth1080
Warren1060
Story941
Poweshiek888
Bremer676
Henry611
Clinton601
Boone540
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Mahaska526
Cedar451
Guthrie433
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Benton371
Jones360
Monroe334
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Shelby310
Buchanan310
Clayton303
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Webster271
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Monona230
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Lee220
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Davis200
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Harrison190
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Mills140
Delaware140
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Sac130
Greene130
Keokuk130
Hardin130
Howard120
Hancock120
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Audubon111
Jackson110
Cass110
Ida100
Page100
Clay100
Winnebago100
Carroll90
Van Buren80
Franklin80
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Chickasaw80
Kossuth70
Emmet70
Lucas60
Montgomery60
Union60
Adams50
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