Equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:35 AM Equity index futures were unchanged following release of U.S. economic reports at 8:30 AM EDT. July Core PCE Price Index was expected to increase 0.2% versus a gain of 0.2% in June. Actual was a gain of 0.2%. On a year-over-year basis, July Core PCE Price Index was expected to increase 4.2% versus 4.1%...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 8:35 AM EDT. S&P 500 Index futures added 4 points following release of revised U.S. second quarter annualized GDP at 8:30 AM EDT. Consensus was an increase of 2.4%. Actual was an increase of 2.1%HP Inc dropped $1.88 to $29.49 after reporting lower than consensus third quarter earnings. The company also...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:30 AM EDT. Big Lots jumped $1.04 to $7.32 after reporting a narrower than expected second quarter loss.JM Smucker advanced $3.65 to $146.54 after reporting higher than consensus fiscal first quarter earnings. Best Buy added $0.75 to $74.82 after reporting higher than consensus second quarter earnings. Ba...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:30 AM EDT. Horizon Therapeutics added $5.38 to $112.05 after the Federal Trade Commission halted its challenge of Amgen to take over the company.MMM gained $5.05 to 104.00 on news that the company is nearing a settlement to pay $5.5 billion to resolve a claim on faulty earplugs sold to the U.S. military....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:30 AM EDT.Investors are waiting for a statement on FOMC interest rate expectations to be presented today by Federal Reserve Chairman Powell at the Jackson Hole symposium.Affirm added $0.97 to $14.80 after reporting higher than consensus fiscal first quarter results. The company also raised guidance for t...Read More
(Updates prices) By Eric Onstad LONDON, Aug 24 (Reuters) - Copper prices pulled back onThursday after five sessions of gains, as unease surroundinghigh interest rates curbing global growth offset optimism aboutan uptick of demand in top metals consumer China. Three-month copper on the London Metal Exchange (LME) slipped 1.1% to $8,360 a metric ton by 1600 GMT aftertouching its highest since Aug....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDTU.S. equity indices were unchanged following release of the July Durable Goods Orders report at 8:30 AM EDT. Consensus was a drop of 4.0% from June versus a gain of 4.7% in June. Actual was a drop of 5.2%.Focus today and tomorrow is on news from the Jackson Hole symposium. Primary topic is on th...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDTThe Canadian Dollar was unchanged at US73.60 cents following release of Canada's June Retail Sales at 8:30 AM EDT. Consensus was unchanged from May. Actual was an increase of 0.1%.Toll Brothers gained $0.66 to $76.70 after reporting higher than consensus fiscal third quarter earnings. The company...Read More
(Updates prices) By Julian Luk LONDON, Aug 22 (Reuters) - Copper prices rose on Tuesdayfor a fourth session, building on gains last week, buoyed byfirm consumption data in China and more Chinese monetary supportmeasures. Three-month copper on the London Metal Exchange(LME) was up 1% at $8,360 per metric ton at 1618 GMT."There is a short term uptick in the sentiment today," saidDan Smith...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points at 8:30 AM EDT.Zoom gained $2.48 to $69.75 after reporting higher than consensus second quarter earnings. The company also raised guidance.Kenvue, a recent spin off from Pfizer, added $0.15 to $23.05 on news that the stock will replace Advanced Auto Parts in the S&P 500 Index.Charles Schwab slipped $0.06...Read More
(Updates prices) By Julian Luk LONDON, Aug 21 (Reuters) - Copper prices climbed onMonday after Reuters reported that China's state banks acted tostabilise a sliding offshore yuan, traders said, butdisappointment with China's latest package of measures to boosteconomic growth capped gains. Three-month copper on the London Metal Exchange(LME) was up 0.5% at $8,280 per metric ton at 1611 GMT afterth...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points in pre-opening trade. Palo Alto gained $25.34 to $235.02 after reporting higher than consensus quarterly results. Hecla Mining dropped $0.14 to $4.44 following a mine shaft collapse at its Lucky Friday mine in Idaho.XPeng advanced $0.78 to $15.76 after Bank of America upgraded the stock from Hold to Buy. ...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 29 points at 8:30 AM EDT.Applied Materials gained $2.41 to $140.00 after reporting higher than consensus fiscal third quarter results. The company also offered positive fourth quarter guidance. Ross Stores added $6.13 to 119.19 after reporting higher than consensus second quarter results. The company also offered posi...Read More
Equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:35 AM EDTIndex futures were unchanged following release of the August Philly Fed Index at 8:30 AM EDT. Consensus was a further drop to -13.5 from -10.0 in July. Actual was an increase of 12.0.Walmart added $2.61 to $161.87 after reporting higher than consensus second quarter earnings.Cisco gained $1.56 to $54...Read More
(Updates prices) By Eric Onstad LONDON, Aug 16 (Reuters) - Copper prices held aboveseven-week lows on Wednesday as arbitrage buying offered supportwhile zinc dropped to its weakest in two months after a surge ininventories. Three-month copper on the London Metal Exchange(LME) was down 0.3% at $8,174.45 per tonne by 1630 GMT, bouncingafter re-testing the seven-week low of $8,148.50 touched in thep...Read More
Equity index futures were mixed this morning. S&P 500 futures were down 1 point at 8:35 AM EDT.Index futures were unchanged following release of the July U.S. Housing Starts report at 8:30 AM EDT. Consensus was an increase of 1.450 million units versus 1.414 million units in June. Actual was 1.452 million unitsH&R Block gained $1.85 to $37.20 after reporting higher than consensus fiscal fo...Read More
(Updates prices as of 1618 GMT) By Polina Devitt LONDON, Aug 15 (Reuters) - Prices for copper and otherbase metals fell in London on Tuesday, as the outlook for demandfrom top consumer China worsened after data showed slowingindustrial output growth and falling property investment. Benchmark copper on the London Metal Exchange (LME)was down 1.2% at $8,191.5 a metric ton at 1618 GMT aftertouching...Read More
Equity index futures were lower this morning. S&P 500 futures were down 30 points at 8:35 AM EDT.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT:Consensus for the August Empire State Manufacturing Survey was a drop of 0.75 versus a gain of 1.10 in July. Actual was a drop of 19.0. Consensus for U.S. July Retail Sales was an increase of 0.4% versus a gain...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.US Steel gained $0.22 to $22.72 after the company confirmed receipt of multiple unsolicited proposals to acquire some or all of the company.Amgen gained $0.96 to $263.47 after Mizuho raised its target price from $214 to $223.Tesla dropped $4.95 to $237.70 after reducing the price of its a...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:35 AM EDT.S&P 500 futures dropped 6 points following release of the July Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.1% in June. Actual was an increase of 0.3%. On a year-over-year basis consensus was an increase of 0.7% versus a gain of 0.1% in June. Ac...Read More