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Stock futures are slip on Thursday after Dow posts third-straight losing day: Live updates

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4 Hours Ago

Australia employment numbers unexpectedly drop, unemployment rate steady at 3.9%

Australia’s employment numbers unexpectedly fell by 65,100 people in December, compared with an increase of 17,600 people estimated in a Reuters poll of economists.

The unemployment rate came in at 3.9%, unchanged from November and holding at its highest level in 19 months.

The country’s labor participation rate also fell more than expected to 66.8%, down from estimates of 67.1% and below November’s 67.2%.

David Taylor, head of labor statistics at Australia’s bureau of statistics noted “both the unemployment and underemployment rates remained relatively low and the participation rate and employment-to-population ratio relatively high, suggesting that the labor market remains tight.”

— Lim Hui Jie

An Hour Ago

Singapore’s transport minister resigns; faces charges of corruption

Singapore’s transport minister S Iswaran resigned Thursday after he was formally informed of charges, including that of corruption, by the country’s anti-graft agency after months of investigations.

Iswaran appeared in court and was handed 27 charges. There were 24 charges of obtaining gratification as a public servant, two charges of corruption and one charge of obstructing the course of justice. He pleaded not guilty.

Iswaran was the first cabinet minister in Singapore to be charged for corruption and the first to be investigated since 1986.

Read the full story here.

— Lim Hui Jie

6 Hours Ago

December housing starts and building permits data on deck Thursday morning

Investors will parse through December housing starts and building permits data on Thursday to see whether activity in the sector has increased amid declining mortgage rates.

December housing starts, which measures the construction of new homes in the U.S., is expected to have dropped by a FactSet consensus estimate of 8.1% last month. That would be down from a rise of 14.8% the prior month. 

Building permits, or the number of new housing units authorized in the U.S., is anticipated to have risen to a rate of 1.476 million units last month, according to a FactSet consensus estimate. That’s up from 1.467 million units previously.

— Sarah Min

6 Hours Ago

Stocks making the biggest moves after hours

Check out the companies making headlines after hours.

  • Discover Financial Services — Shares dropped nearly 7% after Discover Financial Services reported fourth-quarter results. The financial services company reported quarterly revenue of $4.20 billion that topped estimates of $4.10 billion, according to analysts polled by LSEG. GAAP earnings of $1.54 per share were not immediately comparable.
  • Alcoa — Shares dropped nearly 3% after the aluminum producer reported fourth-quarter results. Alcoa posted a narrower-than-expected adjusted loss of 56 cents per share, compared to an expected loss of 86 cents per share, according to analysts polled by LSEG. Revenue of $2.60 billion came in line with estimates.
  • H.B. Fuller — H.B. Fuller shares slid about 1%. For the fourth quarter, the company posted adjusted earnings of $1.32 per share, better than the FactSet consensus estimate of $1.27 per-share earnings. Revenue of $902.9 million came in lower than the expected $929.9 million.

Read the full list here.

— Sarah Min

6 Hours Ago

Stock futures open little changed

Stock futures opened little changed Wednesday night.

Dow futures fell by 15 points, or 0.04%. S&P 500 and Nasdaq 100 futures dipped 0.07% and 0.11%, respectively.

— Sarah Min



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