1. Calm returns: Stock markets are ticking along nicely on Friday after some nerve-wracking volatility earlier this week. U.S. stock futures are steady and the CBOE Volatility Index — better known as the Vix — has dipped back down.
Where U.S. stocks are heading
+0.54 / +1.09%
-0.60 / -0.05%
+0.02 / +0.77%
+0.01 / +0.56%
News: What you need to know about the markets
Stocks look perky; Trump travels to Saudi Arabia; Deere earnings
By Alanna Petroff Friday, May 19th, 4:47am
1. Calm returns: Stock markets are ticking along nicely on Friday after some nerve-wracking volatility earlier this week.
U.S. stock futures are steady and the CBOE Volatility Index — better known as the Vix — has dipped back down.
European markets are all rising in early trading, with many up by about 0.5%. Asian markets closed the week with a quiet session.
This calmness is in direct contrast to the frenzied selling seen on Wednesday, inspired by various scandals coming out of the White House.
The Dow ended with a 373 point loss that day — about a 1.8% decline. It was the Dow’s biggest drop since September.
However, stocks are still trading near record highs as corporate earnings have been strong and consumer confidence remains solid.
Rouhani was a key architect of the 2015 nuclear deal with the U.S., the EU and other partners. The election is being seen in part as a referendum on that deal, which has so far yielded mixed economic results for Iranians.
And President Trump is departing on his first international trip on Friday, starting in Saudi Arabia. Then he’ll go on to visit Israel and global summits in Italy and Belgium.
3. Earnings and economics: Campbell Soup, Deere and Foot Locker are set to release earnings before the opening bell Friday.