10 things you need to know before the opening bell

10 things you need to know before the opening bell


North Korea New Year
Visitors
posing for a photo in front of an ice sculpture of an
intercontinental ballistic missile during New Year celebrations
at the Pyongyang Ice Sculpture Festival in Kim Il Sung Square in
Pyongyang, North Korea.

Reuters/KYODO
Kyodo


Here is what you need to know.


The S&P 500 gained in every month last year
.
The
index advanced in every month of 2017, making for the first time
on record it gained ground in all 12 months of a year.


Wall Street is bullish on 2018
.
This year is
expected to be among the most profitable for the S&P 500 in
this bull market, now entering its ninth year, with strategists
at Oppenheimer and JPMorgan calling for the benchmark average to
reach 3,000 be year-end.


Singapore’s economy slows down
.
Singapore’s economy
grew at a 3.1% annualized rate in the fourth quarter, slowing
from the third quarter’s 5.4% growth, data from the Monetary
Authority of Singapore showed.


Chinese manufacturing picks up steam
.
China’s
manufacturing PMI rose to 51.5 in December, making for its
highest print since August.

BP says
it will take a $1.5 billion hit from Trump’s tax
plan
.
The oil and gas giant says it expects a
long-term boost from President Donald Trump’s tax plan but will
take a $1.5 billion fourth-quarter write-down because of it.


Hyundai and Kia Motors see a slow sales recovery
.

The automakers expect combined sales of 7.55 million vehicles
this year, up slightly from 2017’s 7.3 million vehicles sold, as
a lack of SUVs in the United States and diplomatic tensions with
China weigh, Reuters says.


Ethereum hits a record high
.
The cryptocurrency hit
a record-high $880 an ether earlier Tuesday. It’s now trading up
about 11% near $843.


Recreational marijuana is legal in California
.

Adults ages 21 and older are now allowed to grow up to six
marijuana plants and possess as much as an ounce of the drug, the
Associated Press reports.

Stock markets around
the world are mixed
.
Hong Kong’s Hang Seng (+1.99%)
outperformed in Asia, and France’s CAC (-0.88%) trails in Europe.
The S&P 500 is set to open up 0.25% near 2,680.


US economic data trickles out
.
Markit US
Manufacturing PMI will cross the wires at 9:45 a.m. ET.

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