- Reuters/Bruno Kelly
Here is what you need to know.
The Dow’s losing streak hits 8. The Dow Jones industrial average, which fell 0.8% Thursday, has lost 3.4% during its eight-day losing streak.
America’s biggest banks all clear the Fed’s stress test. The Fed found America’s 35 biggest banks would suffer losses totaling $578 billion in the most severe scenario.
OPEC meets. The OPEC cartel and other oil producers, led by Russia, are meeting in Vienna on Friday and Saturday to discuss a potential production increase.
There is strong public support for a 2nd Brexit referendum. A poll of 1,022 Brits conducted by Survation found that 48% supported a vote on the final deal while 25% did not.
The Supreme Court rules that states can collect taxes on internet sales. Shares of Amazon and other online retailers were hit Thursday in the wake of the decision.
Intel’s CEO resigns. Brian Krzanich resigned as CEO on Thursday after Intel discovered he had a “past consensual relationship” with an employee that violated company rules.
Tesla is making big cuts to its solar division. The electric-car maker Tesla’s solar division is closing down about a dozen of its installation facilities and ending its partnership with Home Depot, according to Reuters, citing three internal company documents and seven current and former Tesla solar employees.
Stock markets around the world are higher. China’s Shanghai Composite (+0.49%) led the gains in Asia, and Britain’s FTSE (+0.78%) is out front in Europe. The S&P 500 is set to open up 0.45% near 2,762.
Earnings reports trickle out. BlackBerry reports ahead of the opening bell.
US economic data keeps coming. Markit US manufacturing and services numbers will be released at 9:45 a.m. ET. The US 10-year yield is up 2 basis points at 2.91%.