Wall Street's five-day rally faltered on Friday night (11 January) as investors seemingly booked some profits and reset positions ahead of the fourth quarter earnings season - Dow dipped -6-points The broader S&P500 flat and it was the fifth day without a move greater than 1% in either direction, the longest quiet streak since early October for the benchmark index. General Motors Company jumped +11.55% after raised its profit guidance for 2018 ahead of reporting full results next month, and said its bottom line should grow in 2019 as it expects auto demand to remain resilient in its two biggest markets - China and the US. The technology-centric NASDAQ eased -0.21%. Netflix Inc, already up over >20% this year, rose another +3.98% on analysts’ optimistic forecasts for subscriber growth ahead of its earnings this week (17 January). Apple Inc fell -0.98%, with reports that the company's latest iPhone models are facing huge discounts in China as retailers try to sell the struggling devices. Apple itself acknowledged earlier this month that unexpectedly low sales in the Chinese market would likely lead to worse-than-anticipated first quarter revenues. On the trade front, US Treasury Secretary Steven Mnuchin said that Vice Premier Liu would most likely visit Washington later in January for further negotiations
