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Dow 25,000 in sight; Computer chip crisis; Tesla troubles

1. Dow 25,000 in sight: The Dow Jones industrial av...

Posted: Jan 4, 2018 10:18 AM
Updated: Jan 4, 2018 10:18 AM

1. Dow 25,000 in sight: The Dow Jones industrial average is less than 80 points away from hitting 25,000 points. The milestone would have seemed a long way off to investors just a year ago, when the Dow was below 20,000.

The first two trading days of 2018 have each brought new stock market records in the U.S. Today could be another big day as U.S. stock futures move higher.

Stock markets in other parts of the world are also buoyant, with some European indexes climbing by about 1%.

Asian markets ended the day with gains. The Nikkei index in Japan stood out with a 3.3% jump as trading relaunched in Tokyo following an extended holiday.

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2. Computer chip crisis: Intel and AMD are in focus after researchers revealed that two major flaws in computer chips could leave a huge number of computers and smartphones vulnerable to security issues.

The flaws, called Meltdown and Spectre, exist in processors. Meltdown appears to be specific to Intel chips. The Spectre flaw was found in Intel, AMD and ARM processors.

Intel said that "many types of computing devices -- with many different vendors' processors and operating systems -- are susceptible to these exploits." Its shares dropped 3% on Wednesday

AMD said there is a "near zero risk of exploitation" for one of the security issues, due to architecture differences. Its shares are pushing up by 4% in premarket trading.

ARM said in a statement a small subset of its processors are susceptible to the flaws. ARM is owned by SoftBank.

3. Tesla trouble: There's negative news swirling around Tesla on Thursday morning and that could put pressure on shares when the markets open.

Tesla said on Wednesday it's still way behind on its Model 3 production goals, producing just 2,425 of the sedans over the last three months. Tesla said last year that it hoped to be making 5,000 Model 3s per week by the end of 2017. Still, the company promised it has "made major progress addressing Model 3 production bottlenecks."

4. Earnings and economics: Monsanto and Walgreens plan to release earnings before the open, while Franklin Covey and Sonic plan to release earnings after the close.

The U.S. Crude Inventories report is set to be released at 11 a.m. ET. Crude oil prices are currently surging to trade around $62 per barrel, a level not seen since late 2014.

Download CNN MoneyStream for up-to-the-minute market data and news

5. Coming this week:

Thursday -- Walgreens and Monsanto earnings
Friday --
U.S. December jobs report

California Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 99387

Reported Deaths: 3819
CountyConfirmedDeaths
Los Angeles478452145
Riverside7139303
San Diego6797249
Orange5578131
San Bernardino4567176
Alameda298693
Santa Clara2675139
San Francisco239940
San Mateo190482
Kern187629
Tulare177179
Santa Barbara155112
Fresno148222
Contra Costa135337
Imperial135224
Sacramento131056
Ventura91230
San Joaquin77133
Kings6882
Stanislaus65928
Sonoma5154
Solano45520
Monterey4298
Marin41714
Merced2687
San Luis Obispo2631
Santa Cruz2002
Yolo19822
Placer1889
Napa1093
Humboldt942
Madera852
El Dorado780
San Benito762
Sutter422
Nevada411
Butte400
Del Norte400
Shasta364
Mono341
Yuba281
Mendocino220
Inyo191
Mariposa161
Lake140
Calaveras140
Glenn120
Amador100
Siskiyou61
Colusa50
Plumas40
Lassen40
Tuolumne30
Tehama31
Alpine20
Trinity10
Sierra10
Unassigned00
Chico
Clear
73° wxIcon
Hi: 101° Lo: 69°
Feels Like: 73°
Oroville
Clear
74° wxIcon
Hi: 103° Lo: 69°
Feels Like: 74°
Paradise
Clear
73° wxIcon
Hi: 94° Lo: 70°
Feels Like: 73°
Chester
Clear
46° wxIcon
Hi: 84° Lo: 57°
Feels Like: 46°
Red Bluff
Clear
70° wxIcon
Hi: 101° Lo: 69°
Feels Like: 70°
Willows
Clear
73° wxIcon
Hi: 105° Lo: 66°
Feels Like: 73°
Excessive Heat Warning through Thursday, but a big drop in temperatures and the potential for active weather are ahead for your weekend.
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