Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, March 18:
1. -- U.S. stock futures were pointing to losses for Wall Street on Monday after global stocks plunged following a weekend bailout plan in Cyprus that would tax bank deposits across the country.
Stocks in London, Paris and Germany fell more than 1%, while the euro dropped 0.7% to $1.2960.
Asian stocks finished Monday's trading session with sharp losses. Japan's Nikkei 225 index declined 2.7% to 12,220.63.
2. -- The economic calendar in the U.S. Monday includes the NAHB Housing Market Index for March at 10 a.m. EDT.
3. -- U.S. stocks on Friday fell as investors retreated from equities on a plunge in consumer confidence.
The Dow Jones Industrial Average fell 25.03 points, or 0.17%, to 14,514.11 and snapped a 10-day winning streak, which marked the blue-chip index's longest since November 1996. The Dow gained 0.81% for the week.
The S&P 500 lost 0.16% to 1,560.70 as the index posted a five-day 0.61% increase. The Nasdaq declined 0.3% at 3,249.07, and rose 0.14% for the week.
4. -- Boeing(BA) shares rose 2.1% on Friday to $86.43 after the aerospace giant outlined a fix for the Dreamliner's lithium-ion battery system.
5. -- JPMorgan Chase(JPM) shares fell Friday 1.9% to $50.02 after the Federal Reserve, in its release of the annual stress test results of big U.S. banks, told the bank it had to resubmit its capital plan because of the central bank's concerns about "weaknesses" in its plan or planning process.
6. -- Apple(AAPL) gained 2.6% on Friday to $443.66 even after rival Samsung grabbed the spotlight last week by unveiling the Galaxy S4 phone, putting pressure on the iPhone maker.
7. -- BlackBerry(BBRY) shares closed Friday down 0.5% to $14.99 despite the company receiving a partner order for 1 million of its new BlackBerry 10 smartphones earlier in the week.
8. -- Chrysler is recalling almost 2,500 model 2013 Dodge Challengers with V6 engines over an electrical issue that could cause a fire.
9. -- Airbus has landed a record order potentially worth $20 billion at list prices from Indonesia's Lion Air, sources familiar with the matter told Reuters.
10. -- Louisville, Indiana, Kansas and Gonzaga were given the top seeds in the 2013 NCAA Tournament, which kicks off this week.
-- Written by Joseph Woelfel
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