* U.S. economic growth falls sharply. * Global equities retreat from record peaks. * Wall Street stocks open higher. * ECB leave monetary policy unchanged. By Chibuike Oguh and Huw Jones.
Advance Estimate GDP for 3 Q; U.S. Weekly Jobless Claims; Merck& Co. Inc. 3 Q results; Caterpillar Inc. 3 Q results; Mastercard Inc. 3 Q results; Comcast Corp. 3 Q results; Apple Inc. 4 Q results; Amazon.com Inc. 3 Q results; Starbucks Corp. 4 Q results. Stocks headed for muted opening gains as investors awaited data on U.S. economic growth and earnings from Apple and Amazon.com, among other major companies.
The following are some of the factors that may move German stocks on Thursday: CORONAVIRUS. Germany reported 28,037 new infections and 126 more deaths. DAIMLER. The carmaker on Wednesday said it was aligning the board responsibilities after the split of its truck unit and said Joerg Burzer will join the management board. VOLKSWAGEN.
* Microsoft (MSFT) top boost to all three major indexes. * Energy stocks fall as oil prices drop. * Robinhood tumbles after results. * Dow down 0.74%, S&P 500 down 0.51%, Nasdaq unchanged. By Chuck Mikolajczak.
* Microsoft (MSFT) top boost to all three major indexes. * Energy stocks fall as oil prices drop. * Robinhood tumbles after results. By Chuck Mikolajczak.
* Microsoft (MSFT) top boost to all three major indexes. * Energy, material stocks tumble as commodity prices drop. * Dow down 0.27%, S&P 500 up 0.09%, Nasdaq up 0.72% By Chuck Mikolajczak.
* 10-year yields fall to two week low; yield curve flattens. * Gold gains as dollar, crude fall. By Chibuike Oguh. Global equity markets gave up recent gains on Wednesday, while U.S. Treasury yields fell to a two-week low as traders weighed continued positive corporate results and a resurgence in U.S.-China tensions that could compound supply-chain worries.
The Nasdaq rose on Wednesday boosted by gains in Microsoft and Google parent Alphabet on the heels of their quarterly results, but a drop in oil prices and a pullback in Treasury yields weighed on cyclical sectors and capped gains on the S&P 500. Microsoft Corp gained 5.03% to hit a record high after forecasting a strong end to the calendar year, fueled in part by its booming cloud business.
The Nasdaq ended little changed on Wednesday, boosted by gains in Microsoft and Google parent Alphabet on the heels of their quarterly results, but a drop in oil prices and a pullback in Treasury yields weighed on cyclical sectors and pulled the S&P 500 lower.
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