Here are five things you must know for Tuesday, Jan. 9:
1. -- Stock Futures Trade Modestly Higher
U.S. stock futures pointed to a modestly positive start for Wall Street on Tuesday, Jan. 9, as investors pared back their appetite for global stocks ahead of the start of the corporate earnings season later in the week.
European stocks traded higher, and Asian shares finished the session to the upside.
The S&P 500 and Nasdaq finished at new records on Monday, Jan. 8, as investors looked to extend the recent global market rally following the best start to a new year in more than a decade.
The S&P 500 climbed 0.17%. Led by the tech sector, the Nasdaq traded up 0.29%. The Dow Jones Industrial Average declined by almost 13 points, or 0.05%.
The economic calendar in the U.S. on Tuesday includes the Job Openings and Labor Turnover Survey for November at 10 a.m. ET.
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2. -- Samsung Falls as Guidance Comes Up Short
Shares of Samsung Electronics Co. (SSNLF) fell to a near two-week low on Tuesday after the tech giant provided fourth-quarter earnings guidance that was modestly shy of market expectations amid a stronger South Korean won and slumping smartphone demand.
Samsung said it sees operating profit of around 15.1 trillion won ($14.1 billion) for the three months ended in December, up 64% from the same period last year but short of the Wall Street consensus of $14.9 billion. Overall revenue for the period likely hit 66 billion won, a figure that also missed analysts' forecasts.
Samsung fell 3.11% in Seoul to close at 2.52 million won, the lowest since Dec. 27, amid concerns over pricing power in the DRAM and NASD chip markets and slowing demand for smartphones in a hyper-competitive global market.
- Samsung Dips After Strong Won, Chip Pricing Questions Trim Q4 Earnings Guidance
- Samsung Doubles Down on Internet of Things, Bixby at CES 2018
3. -- Intel Pushes Autonomous Driving Technology
Intel Corp. (INTC) - Get Intel Corporation (INTC) Report CEO Brian Krzanich said in his keynote address Monday at CES 2018 that 2 million vehicles from BMW, Nissan and Volkswagen would use autonomous vehicle technology from its Mobileye unit to crowdsource data for building maps that enable autonomous driving.
Intel, which last year bought Mobileye, a maker of vision-based advanced driver-assistance systems, also announced new partnerships with Chinese automaker SAIC Motor Corp. and Chinese mapping firm Navinfo.
The chipmaker also unveiled a self-driving test car outfitted with 12 cameras, radar and LIDAR sensors. Krzanich said he plans to start using the car in a couple of months, and will be taking media members on rides to work.
Intel shares fell slightly in premarket trading on Tuesday.
4. -- Jack Ma to Consider Listing Alibaba in Hong Kong
Jack Ma, founder of Alibaba Group Holding Ltd. (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report , said on Monday he would consider listing the company in Hong Kong and increasing investment in the city, the South China Morning Post reported.
Ma was responding to CEO Carrie Lam Cheng Yuet-ngor's invitiation at an event in Hong Kong on Monday.
"Alibaba will take this message. We will definitely consider Hong Kong's market," Ma said. "We hope we can further invest in Hong Kong and enhance our participation in the city's economy."
Hong Kong lost out to New York for Alibaba's record $25 billion public float in 2014.
Alibaba rose 0.5% in premarket trading. The stock has gained more than 10% year to date.
5. -- Spy Satellite Is Believed Lost
An expensive, highly classified U.S. spy satellite was presumed to be a total loss after it failed to reach orbit atop a SpaceX rocket on Sunday, The Wall Street Journal reported, citing industry and government officials.
Lawmakers and congressional staffers from the Senate and the House have been briefed about the botched mission, some of the officials told the Journal. The secret payload -- code-named Zuma and launched from Florida onboard a Falcon 9 rocket -- was believed to have plummeted back into the atmosphere, they said, because it didn't separate as planned from the upper part of the rocket.
This article has been updated.
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