Here are five things you must know for Tuesday, Jan. 16:
1. -- Here Comes Dow 26,000
Contracts tied to the Dow Jones Industrial Average were rising 225 points, pushing the index to 26,026, while those tied to the broader S&P 500 gained 0.41%.
Dow futures had been higher earlier in the session before General Electric Co. (GE) said it will book a $6.2 billion charge to its fourth-quarter earnings linked to weakness in its North American Life & Health insurance portfolio. The stock fell 4.1% in premarket trading.
In Europe, the Stoxx 600 index, the broadest measure of regional share prices, gained 0.27%, while Asian shares finished the session mostly higher. The Shanghai Composite Index rose 0.8% and Tokyo's Nikkei 225 jumped 1%.
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2. -- Citigroup on Tap
UnitedHealth Group Inc (UNH) posted fourth-quarter earnings of $2.59 a share, 8 cents above analysts' estimates. The stock jumped 1.4% in premarket trading.
Citigroup Inc. (C) earned an adjusted $1.28 a share in the fourth quarter, beating Wall Street forecasts. Shares of the bank rose 1.9%.
Citigroup posted a fourth-quarter loss of $18.3 billion, which included a $22 billion charge related to the new U.S. tax law.
3. -- AT&T Is Urged to Cut Ties With Huawei
4. -- BP to Take $1.7 Billion Deepwater Horizon Charge
5. -- Fiat Chrysler Has No Plans to Sell Jeep
"We're not going to break up anything," Marchionne said. "We have no intention of breaking it up and giving anything to the Chinese."
The CEO said Jeep could help Fiat Chrysler double its net profit.
Marchionne also said electric vehicles aren't profitable, and they show no sign of grabbing enough market share to warrant serious investment.
Ford Motor Co. (F) said at the Detroit auto show that it would double its planned investment in clean energy cars, pumping more than $11 billion into hybrid and electric investments over the next five years.
This article has been updated to include earnings from Citigroup.
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