Reuters - Daily Investor Update

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Tuesday, December 26, 2017

Wall Street slips on tech sector weakness

NEW YORK (Reuters) - U.S. stocks declined on Tuesday as Apple and shares of its parts suppliers weakened on a report of soft iPhone X demand, which pulled technology shares lower.

Bitcoin recovers some losses after its worst week since 2013

SINGAPORE/TOKYO/NEW YORK (Reuters) - Bitcoin rose 15 percent on Tuesday, recouping about half of the losses it sustained last week, its worst since 2013, as investors who had missed out on earlier rallies bought the world's biggest and best-known digital currency.

U.S. department store stocks jump on holiday spending record

CHICAGO (Reuters) - Shares of U.S. department stores jumped on Tuesday as Mastercard Inc said shoppers spent over $800 billion during the season, more than ever before, boosted by growing consumer confidence, rising employment and early discounts.

Commodities gain, equities pause 2017 rally in holiday trading

(Reuters) - Investors scooped up commodities on Tuesday during a holiday-shortened week, but took a far more mixed view of U.S. equities as shares of Apple Inc sagged.

Tesla to make pickup truck after Model Y crossover

(Reuters) - Tesla Inc will build a pickup truck soon after producing electric crossover vehicle Model Y, Chief Executive Elon Musk said on Tuesday.

Apple suppliers drop on report of weak iPhone X demand; analysts' views mixed

BEIJING (Reuters) - Shares in several of Apple Inc's Asian suppliers fell for a second straight day on Tuesday, hurt by a report from Taiwan's Economic Daily and some analysts saying that iPhone X demand could come in below expectations in the first quarter.

Republican tax plan to dent U.S. home sales next year

(In this Dec. 22 story, corrects paragraph 3 to say bill lowers limit on mortgages for interest deduction to $750,000, not cuts amount of mortgage interest that home buyers can deduct to $750,000.)

Bitcoin holds overnight gains after last week's rout

NEW YORK (Reuters) - Bitcoin held its overnight gains in early U.S. trading on Tuesday as the world's biggest and best-known cryptocurrency rebounded on light trading volume from its worst week since 2013.

Oil hits 2-1/2 year highs on Libyan pipeline blast

NEW YORK (Reuters) - Oil prices touched two-and-a-half year highs in light volume on Tuesday, boosted by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts.

Top small-cap funds of 2017 focus on healthcare, tech in year ahead

NEW YORK (Reuters) - Healthcare, technology and Japanese small-cap stocks look poised to outperform the broader market in the year ahead, according to some of the best performing U.S.-based stock fund managers of 2017.