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Fourth quarter GDP increased 4.0% vs 4.3% estimate (SPY 0.2%). American Airlines shares rocket nearly 50%. Biggest premarket movers: American Airlines, GameStop, Apple.
Here is the current market situation from CNN Money
European markets are broadly lower today with shares in France off the most. The CAC 40 is down 1.16% while London s FTSE 100 is off 1.06% and Germany s DAX is lower by 0.84%.
What Is Moving the Markets
Here are the headlines moving the markets.
Why China Cant Replicate Americas Shale Boom
China has been betting big on developing its shale gas resources, driven by surging natural gas demand and efforts to boost energy security. State oil and gas majors have been investing heavily in shale gas development in the key shale provinces and have really boosted shale gas production in recent years. Although China is estimated to have a lot of shale gas resources, even higher than those in the United States, its shale gas boom has just started ....

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