US equity markets finished the day in the red as another day of earnings related news and emerging market worries continued to weigh on riskier assets. US stock futures were weaker in Asia-Pacific trade and the European morning as emerging market currencies slid again and EPFR data showed investors pulled USD 6.3bln from EM stock funds last week, the highest since Aug’11. Despite gapping lower, equities ticked higher throughout the session as month-end pension rebalancing was said to support equity markets. The DJIA underperformed as Chevron fell over 4% following their earnings while Mastercard fell over 5% and in turn weighed on the DJIA’s largest component Visa. On the other hand, the NASDAQ 100 outperformed with tech titans Google and Microsoft leading the way. Google reported after the bell on Thursday and traded higher by over 3.5% following their report while Microsoft saw gains of over 2.5% after reports the company is preparing to make Nadella CEO discuss replacing Bill Gates as chairman.
31 Jan 2014 - 16:02 - Equities Data - Source: RANsquawk
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