U.S. equities toppled mildly lower
U.S. equities toppled mildly lower after tepid gains overnight in global bourses to start the week, stalling out after the knee-jerk gains following the weaker than expected December payrolls report Friday. It will be a slow start in the U.S. building towards key inflation reports and retail sales later in the week. The Dow is flat, S&P fell 3-points and NASDAQ faltered 9-points in pre-open action, following on the heels of 0.3-0.5% gains in Asia (ex-Japan), while Europe is up 0.1-0.3% outside of the UK FTSE -0.16%. The dollar index has clawed back 0.36% to the 92.30 area, while gold is solid near $1,319 and Bitcoin is 8.5% lower near 14,752, down from 24-hour highs of 16,300. CAT surged to a record after a JPM upgrade, while financials are mostly lower after confirming Q4 charges relating to the tax cuts. Nvidia rallied 2.5% following an agreement with Uber and VW on chips for self-driving cars. Consumer credit and Fedspeak from Bostic, Williams and Rosengren are out later today.