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Charting a corrective bounce, S&P 500 balks at first resistance

01/30/2020

UPDATE: Port Hope police locate missing woman

Police in Port Hope are looking for a missing woman.

According to the Port Hope Police Service, Destiny Dawson, 22, was last seen on Wednesday morning in the town’s west end.

She is known to frequent the Cobourg area.

She is described as 5-foot-11 with a slim build and shoulder-length brown hair. She was last seen wearing a dark bomber-style jacket, a red, black and blue toque, khaki leggings and red boots.

UPDATE:

Around 10:45 a.m. Thursday, police say Dawson was located safe.

Dow Inc., Nike share losses lead Dow’s 82-point fall

Shares of Dow Inc. and Nike are trading lower Thursday morning, dragging the Dow Jones Industrial Average into negative territory. The Dow DJIA, -0.51% was most recently trading 82 points (0.3%) lower, as shares of Dow Inc. DOW, -2.97% and Nike NKE, -2.00% have contributed to the blue-chip gauge’s intraday decline. Dow Inc.’s shares are down $1.47, or 2.9%, while those of Nike are off $1.68 (1.7%), combining for an approximately 21-point drag on the Dow. Other components contributing significantly to the decline include UnitedHealth UNH, -2.05%, Walgreens Boots WBA, -1.78%, and Verizon Communications Inc. VZ, -1.38%. A $1 move in any one of the 30 components of the benchmark results in a 6.78-point swing.

Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

Kellyanne Conway: The Trumps deserve credit for people living longer

The CDC reported Thursday U.S. life expectancy rose for the first time in four years, thanks to a drop in deaths from drug overdoses and cancer.

What’s driving those improvements? Well, the better question would be “who?” if White House adviser Kellyanne Conway has it right:

Conway, a fierce supporter of President Trump, said those words during a press conference on Thursday, where she was grilled about the impeachment trial.

Oliver Wills, a senior writer for the American Independent, tweeted the clip and pointed out that the CDC made no mention of the Trump administration’s role.

As for the report, life expectancy reached 78.7 years in 2018, a bump of about a month, on average, from the prior year. Despite the uptick, the number is still lower compared to the peak of 78.9 years that Americans reached in 2014.

ABH Pharma, Stocknutra Recalling Dietary Supplement Products

ABH Pharma, Inc. and Stocknutra.com Inc. have recalled all of its dietary supplement products pursuant to a consent decree entered by the U.S. District Court for the Eastern District of New York.

The companies have recalled all dietary supplement products manufactured and sold between January 2013 – November 2019.

The products are being recalled because an FDA inspection found significant violations of current good manufacturing practice regulations. No illnesses or injuries has been reported due to this situation.

The companies contract manufactured dietary supplements for other firms and did not sell products directly to consumers.

Global smartphone shipments dropped 1.1% in Q4, says IDC

Market researchers at IDC said that global smartphone shipments fell by 1.1% in the fourth quarter, driven in part by weakness in China, where consumers seem to be waiting for less expensive 5G devices to come to market and for network coverage to improve. "Huawei’s performance continued to be strong in China, but while it has been diligently building up a presence as a top tier smartphone player in Western Europe, that’s where shipments saw the biggest hit," IDC Associate Research Director Melissa Chau said in a release. "Things will continue to look challenging for Huawei given that the trade war is still not yet resolved while new uncertainty raised around the Wuhan coronavirus could potentially have adverse effects on not just Huawei, but all players reliant on the China smartphone supply chain." Apple Inc. AAPL, -1.08% took the top spot in terms of shipment market share during the quarter, IDC said, followed by Samsung Electronics Co. Ltd. 005930, -3.21% and Huawei. But Samsung and Huawei beat out Apple for full-year 2019 market share, the analysts said.

European Economics Preview: Eurozone Flash PMI Data Due

Flash Purchasing managers’ survey data from euro area and the UK are due on Friday, headlining a light day for the European economic news.

At 1.00 am ET, Statistics Finland is scheduled to issue labor force survey and producer prices for December.

At 3.00 am ET, Spain’s INE releases producer prices for December.

At 3.15 am ET, IHS Markit publishes France flash composite PMI data. Economists expect the PMI to remain unchanged at 52.0 in January.

At 3.30 am ET, Germany’s flash composite PMI survey results are due. The index is seen at 50.5 in January versus 50.2 in December.

At 4.00 am ET, Eurozone flash PMI data is due from IHS Markit. The composite PMI is expected to rise to 51.2 in January from 50.9 a month ago.

At 4.30 am ET, the UK CIPS/Markit composite PMI survey results are due. Economists forecast the index to climb to 50.5 in January from 49.3 in December.