U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:30 AM EDT. PayPal dropped $4.35 to $71.17 after reporting a lower than consensus first quarter profit margin.Lucid fell $0.67 to $7.04 after lowering production guidance. Wayfair fell $2.75 to $37.22 after announcing a convertible bond offering.New York Times gained $0.75 to $40.65 after announcing a $1...Read More
U.S. equity index futures were higher this morning. S&P500 futures were up 10 points at 8:30 AM EDT.Scotts Miracle Grow added $2.45 to $68.89 after JP Morgan upgraded the stock from Neutral to Overweight.Tyson Foods dropped $4.40 to $56.29 after reporting an adjusted loss in its fiscal second quarter.Alcoa advanced $0.89 to $36.99 after JP Morgan initiated coverage with an Overweight rating.Sn...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:35 AM EDT.Index futures were unchanged after release of the March U.S. Trade Deficit report at 8:30 AM EDT. Consensus was a recover to $63.80 billion from $70.05 billion in February. Actual was a deficit of $64.2 billion.First Horizon National dropped $6.21 to $8.90 after Toronto Dominion Bank withdrew...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT.Focus today is on news on the Fed Fund Rate announced by the FOMC at 2:00 PM EDT.Responses to quarterly results after the close yesterday were surprisingly negative despite quarterly revenue and earnings reports that were better than consensus. Starbucks dropped $4.31 to $110.15. Advanced Micro...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:30 AM EDT.President Biden has called for a meeting on May 9th with Congressional leaders to discuss the Federal government debt limit. Treasury secretary Janet Yellen noted that the debt limit could be breached as early as June 1st.Blackberry gained $0.24 to US$4.22 after weighing plans to separate some...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT.Volume on North American exchanges is expected to be well below average today. Equity markets outside on North America are closed for a variety of national holidays. JP Morgan added $5.14 to $143.38 after announcing purchase of First Republic Bank's assets.Enbridge (ENB.TO Price: Cdn$53.87) is...Read More
(Adds Trudeau quote on supply chain) By Doina Chiacu WASHINGTON, April 28 (Reuters) - Canadian Prime MinisterJustin Trudeau on Friday linked the production of lithium inChina to "slave labor" as he discussed his own country's effortsto ramp up production of the metal used in electric vehicle andother batteries. Canada has significant sources of lithium, Trudeau said, butChina has made s...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:35 AM EDT. Index futures were virtually unchanged following release of U.S. economic news at 8:30 AM EDT:March PCE Price Index ex food & energy was expected to increase 0.2% versus a gain of 0.3% in February. Actual was an increase of 0.3%. On a year-over-year basis, March core PCE Price Index was e...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:30 AM EDT. Meta Platform advanced $24.70 to $234.15 after reporting higher than consensus first quarter earnings. The company also offered positive guidance. eBay gained $1.61 to $44.97 after reporting higher than consensus fiscal second quarter revenues and earnings. KLA Tencor advanced $7.89 to $365.25...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:35 AM EDT.Index futures were virtually unchanged following release of the March Durable Goods Orders report at 8:30 AM EDT. Consensus was an increase of 0.5% versus a decline of 1.0% in February. Actual was an increase of 3.2% thanks mainly to a surge in aircraft deliveries by Boeing.Microsoft gained $20....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 pointsat 8:30 AM EDT..First Republic Bank dropped $1.12 to $14.82 despite reporting higher than consensus first quarter earnings. The Bank also announced a 41% drop in deposits as well as plans to reduce its work force by 20%-25%.Whirlpool advanced $4.79 to $145.49 after reporting higher than consensus first quarte...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down points at 8:30 AM EDT.Coca Cola added $0.84 to $64.89 after reporting higher than consensus first quarter revenues and earnings. First Solar dropped $5.19 to $211.70 after Citigroup downgraded the stock from Neutral to Sell.Chesapeake Energy added $0.15 to $81.00 after Truist initiated coverage with a Buy rating and a...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT. The Canadian Dollar was unchanged at US73.92 cents following release of Canada's February Retail Sales at 8:30 AM EDT. Consensus was a decrease of 0.6% versus a gain of 1.4% in January. Actual was a decrease of 0.2%.CSX added $0.81 to $31.62 after reporting higher than consensus first quarter earn...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 33 points at 8:35 AM EDT.Index futures dropped another 3 points following release of the April Philly Fed Index at 8:30 AM EDT. Consensus was a recovery to -19.9 from -23.2 in March. Actual was a drop to-31.3.IBM advanced $2.60 to $129.00 after reporting higher than consensus first quarter earnings. Las Vegas Sands ga...Read More
(Adds Justin Trudeau's comments) May 2 (Reuters) - Canadian Prime Minister Justin Trudeausaid in an interview to Bloomberg Television last week that anytakeover bid for Teck Resources Ltd would have to getthrough a "rigorous process" to get consent from the government. Here is a snapshot of key events in the saga so far. Date Development March Glencore privately offers to merge with T...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EDT.United Airlines gained $0.51 to $43.55 after reporting a lower than consensus first quarter loss. The company also offered positive second quarter guidance. Netflix slipped $0.55 to $333.15 after reporting slightly less than consensus first quarter earnings. Intuitive Surgical advanced $21.90...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points at 8:35 AM EDT.Index futures were virtually unchanged following release of March U.S. Housing Starts at 8:30 AM EDT. Consensus was a slip to 1.420 million units from 1.450 million units in February. Actual was 1.420 million units The Canadian Dollar added 0.05 to US74.80 cents following release of Canada's Ma...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT. Index futures were unchanged following release of the April Empire State Manufacturing Survey at 8:30 AM EDT. Consensus was a decline of 15.0. Actual was a gain of 10.8Shanghai Composite Index advanced 47.46 in overnight trade to a 10 month high at 3,385.61.Prometheus Bioscience $RXDX jumped $79.4...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:35 AM EDT.Index futures moved lower following release of March Retail Sales report at 8:30 AM EDT Consensus was a drop of 0.5 % versus a drop of 0.4% in February. Actual was a drop of 1.0%. Excluding auto sales, consensus was a drop of 0.4% versus a drop of 0.1% in February. Actual was a drop of 0.8%.Spi...Read More