Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald's (MCD.N) and AT&T (NYS:T), are due to report earnings. They'll be accompanied by highfliers like Netflix and Facebook, giving the first real cross-section of the state of corporate America as temperatures rise across the country and investors hope to put the cold weather behind them. Strategists will also be looking for clues on how badly China's slowdown hits U.S. corporate results. The first batch of earnings came out as equities were working their way through a selloff led by trading-crowd favorites like Netflix and the biotech stocks.
Fiat Chrysler (MIL:F) has reached an agreement to start producing Jeep vehicles in China with partner Guangzhou Automobile Group Co , the companies said on Saturday, as Fiat tries to catch up with competitors in a fast-growing market. The plan to produce three new Jeep vehicles in China for the domestic market, through the GAC Fiat joint venture, has received the necessary government approvals, the companies said. GAC Fiat is also considering making a Jeep uniquely designed for China, where the Italian carmaker hopes the successful sport-utility brand can help it make up lost ground behind long-established rivals.
The proposed requirement would give investors more clarity on whether they were getting the best prices for the buy and sell orders they entrust to brokers, who can choose from dozens of stock exchanges and private venues, the report said, citing three people familiar with the matter. The SEC, which is the regulator in charge of analyzing the stock market's structure, is reviewing all aspects of how stocks are traded and seeking to identify changes that could quickly be implemented, the report said. An SEC spokesman could not be reached on Saturday. So-called high-frequency trading has faced fresh scrutiny by securities regulators in the wake of Michael Lewis' book "Flash Boys," which alleges markets are rigged in favor of tech-savvy traders.