One Hot Market Stat to Know Right Now

  • Jefferies speculates Amazon's (AMZN) cloud services business AWS could produce $60 billion in annual revenue in five years versus a $20 billion run rate today. Via @BrianSozzi

Market Snapshot

Global stocks rebounded Thursday, April 5, and Wall Street futures were pointing to a positive open as worries about a full-blown trade war between the U.S. and China eased with negotiations between the two countries now seen as likely.

At 7 am EST the Dow Jones Industrial Average was expected to add 84 points at the open, the S&P 500 was expected to add 11 points and the Nasdaq is expected to jump 44 points when markets open.

Technology companies were up in premarket trading, with Advanced Micro Devices Inc. (AMD)   up 3.07%.

Action Alerts Plus holding Facebook Inc. (FB) shares were up 2.64% in the premarket after closing at $155.10 on Wednesday. CEO Mark Zuckerberg held a rare conference call Wednesday afternoon, telling reporters he takes personal responsibility for the data handling issues that have beset his company and battered its stock price in recent weeks.

He also didn't minimize how long or easy it will be to fix its many issues that have come up with respect to data privacy and fake news on the world's largest social network. The company said the data of most of its 2 billion users could have been accessed improperly.

U.S. equity markets rebounded Wednesday after falling significantly at the start of trading after China announced a set of retaliatory tariffs on U.S. goods. The Dow Jones Industrial Average rose 230 points, or 0.96%, to 24,263; at its session low the Dow fell 510 points. The S&P 500 closed the day up 1.16%. The Nasdaq closed up 1.45%.

President Donald Trump on Tuesday night proposed tariffs on $50 billion in Chinese goods. The tariffs, however, won't go into immediate effect with U.S. companies given until May 22 to raise objections. So there are hopes that the two countries can come to an agreement.

European markets rallied on Thursday. The Stoxx Europe 600 index was up 1.73% at midday in London, led higher by chemical makers, technology companies and miners. London's FTSE 100 gained 1.27%, or 89 points, to 7,122. France's Cac 40 gained 1.73%, or 77 points to 5,230 and Germany's Dax was up 1.78%, or 212 points to 12,170.

Shire plc (SHPG) was the biggest riser on the FTSE 100, up 4.03% to change hands at 3,741 pence. The pharmaceutical company's ADR was up 2.96% in premarket trading. 

Its London-listed Shares have gained more than 17% over the past five days, since it was revealed that Japan's Takeda Pharmaceutical Co. Ltd. (TKPYY) was considering making a bid for the London-listed pharmaceutical company. Takeda on Thursday hosted a sellside analyst meeting in a bid to address concerns about the potential deal's size. Takeda CEO Christophe Weber said buying Shire was an option to accelerate its Vision 2025 strategy, and that the deal would be for the whole company not divisions or assets. 

Barclays plc (BCS) shares were up 1.08% to 209.6 pence after Moody's Investors Service on Wednesday downgraded its overall debt to just one level above junk, saying the bank will face "ongoing profitability challenges." The ratings agency also downgraded some units owned by the Royal Bank of Scotland plc RBS, which saw shares up 0.35% at 258.4 pence. 

Shares in Japan and South Korea were buoyant on in Thursday trading, while markets in China and Hong Kong were closed for holidays.

Japan's Nikkei gained 1.53% throughout the day to close at 21,645 and the Topix was up 1.08% to end the day at 1,724. Meanwhile, South Korea's Kospi index rose 1.2%.

The dollar index, which measure the greenback against a basket of currencies, gained 0.1% and the yen fell 0.1% to 106.9 per dollar.

The yield on 10-year Treasuries rose almost one basis point to 2.81%.