US: Colorado Investigating Hantavirus Death, Unlinked to Cruise Ship
May-18 15:06
"COLORADO PUBLIC HEALTH OFFICIALS ARE INVESTIGATING THE DEATH OF AN ADULT RESIDENT AS A RESULT OF HANTAVIRUS - Reuters
"CASE IS NOT LINKED TO THE MV HONDIUS CRUISE SHIP OUTBREAK -STATEMENT"
US STOCKS: Paring Gains/Extending Lows, US/Iran Headline Focus
May-18 15:03
Geopolitical headlines continue to drive market moves - pendulum swings toward cooling risk-sentiment following as uncertainty remains over latest US/Iran negotiations/rhetoric. Pres Trump's latest run-on social media post appears to be doubling down on threats to Iran after stating the "Clock is Ticking" for Iran earlier.
Off early session highs, SPX emini and Nasdaq indexes are currently lower (-.2% to -0.5%), while the DJIA gains slightly (+0.2%).
Information Technology and Industrials sector shares led declines ahead midday, profit taking after strong AI driven rallyt last week sees Lumentum Holdings down 10.8%, while the following chip stocks trade -6% to 7.5% lower: Seagate Technology, Coherent Corp, Sandisk Corp, Western Digital and Corning Inc.
The Industrials sector weighed by Vertiv Holdings (-7.25%, Comfort Systems USA (-6.0%), while GE Vernova and United Parcel Service Inc trade -4.25% to -3.75%.
Energy sectors led advances ahead midday as crude prices rebound: the following up 2-3.5%: SLB, Baker Hughes, EQT Corp, Halliburton and APA Corp.
OPTIONS: Expiries for May19 NY cut 1000ET (Source DTCC)