By Barbara Kollmeyer, MarketWatch
Weekly jobless claims fell for a fifth-straight week, retail sales were solid in December, the Philadelphia Federal Index jumped to its highest level in eight months and import prices rose 0.3%. Business inventories and a home builders index are still to come.
Shares of Morgan Stanley /zigman2/quotes/209104354/composite MS -0.45% are rising after the bank’s earnings and revenue beat forecasts. Signet Jewelers /zigman2/quotes/204614427/composite SIG -0.66% shares are climbing after the jewelry retailer lifted its outlook. Brokerage Charles Schwab /zigman2/quotes/201281754/composite SCHW -0.28% missed profit forecasts and the stock is down.
Earnings previews: IBM
Apple /zigman2/quotes/202934861/composite AAPL -0.10% chip maker Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 -0.68% posted a profit gain and higher sales, news that has boosted related European stocks.
Tesla /zigman2/quotes/203558040/composite TSLA +3.62% shares are falling on reports Morgan Stanley downgraded the electric-car maker.
Australian firefighters save the world’s last prehistoric trees.
Author Stephen King has been criticized for his comments on Oscars diversity.
European lawmakers want all smartphones to have the same charging point .
Lawsuit says Jeffrey Epstein used Virgin Islands territory to abuse and traffic girls for nearly two decades.
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