1. Time to take a breather?: The Dow Jones industrial average, S&P 500 and Nasdaq have all closed at record highs for five consecutive days, something investors haven’t seen since 1992.
But with U.S. stock futures looking a bit soft, the streak may have run its course.
2. Merger moves: Shares in Anthem( are set to drop at the open because of turmoil over its planned merger with )Cigna(. )
The companies had been pursuing a $ 54 billion merger, but Cigna tried to terminate the deal earlier this week after it was opposed by the Justice Department and blocked by a federal judge
Anthem( doesn’t want to accept the breakup, and has sued to stop Cigna pulling out. A Delaware court has issued a temporary restraining order that prevents Cigna from withdrawing — for now. )
Time Warner is the parent company of CNN.
3. #ADayWithoutImmigrants: Restaurants and other businesses across the U.S. will be closing their doors Thursday in support of a “Day Without Immigrants,” a national grassroots movement seeking to protest President Trump’s immigration reforms.
The protests could hit the restaurant industry especially hard. Foreign-born workers provide the vast majority of labor in the sector.
4. Earnings: Shares in Air France-KLM( are surging by 8% in Europe as investors cheer the company’s annual 2016 results. )
Charter Communications(, )Build-A-Bear Workshop(, )Hyatt Hotels(, )Cabela’s( and )Wendy’s( are some of the top firms reporting earnings before the U.S. open. )
Shares in TripAdvisor( are expected to sink when trading begins. The firm reported quarterly results on Wednesday that came in well below analyst expectations. )
5. Coming this week:
Thursday – Wendy’s( earnings )
Friday – Campbell Soup( and )Deere( earnings; )Wells Fargo()CEO expected to answer Senate’s letter about its latest controversies