U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points at 8:35 AM EDTIndex futures were unchanged following release of U.S. second quarter Non-farm Productivity at 8:30 AM EDT. Consensus was an increase of 1.1% versus a drop of 2.1% in the first quarter. Actual was an increase of 3.7%.Bank of England raised its discount rate by 0.25% to 5.25%.Qualcomm dropped $9...Read More
Equity index futures were lower this morning. S&P 500 futures were down 26 points at 8:30 AM EDT.Index futures moved lower overnight after Fitch downgraded the U.S. long term credit rating from AAA to AA+Advanced Micro Devices gained $4.97 to $122.57 after reporting higher than consensus quarterly results.Mosaic slipped $0.23 to $40.00 after reporting lower quarterly revenues and earnings. Ele...Read More
U.S. equity index futures were lower this morning. S&P 500 Index was down 19 points at 8:30 AM EDT.Republic Services added $0.64 to $151.75 after reporting higher than consensus second quarter results. The company also offered positive guidance. Pfizer dropped $0.32 to $35.74 after reporting less than consensus second quarter earnings. Caterpillar advanced $3.33 to $268.50 after reporting high...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EDT.Salesforce.com dropped $3.84 to $221.76 after Morgan Stanley downgraded the stock from Overweight to Equal Weight.Ford slipped $0.13 to $13.13 after Jefferies downgraded the stock from Buy to Hold.United Parcel Services dropped $1.96 to $185.93 after Credit Suisse downgraded the stock from Outpe...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points at 8:35 AM EDTIndex futures were unchanged following release of economic news at 8:30 AM EDT:June Core PCE Price Index was expected to increase 0.2% versus a gain of 0.3% in May. Actual was an increase of 0.2%. On a year-over-year basis, the Index was expected to increase 4.2% versus a gain of 4.6% in May. Ac...Read More
Equity index futures were higher this morning. S&P 500 futures added 36 points at 8:35 AM.S&P 500 futures added 4 points following release of economic news at 8:30 AM EDT:June Durable Goods Orders were expected to increase 1.0% versus a gain of 1.7% in May. Actual was an increase of 4.7%. Excluding Transportation, June Durable Goods Orders were expected to slip 0.1% versus a gain of 0.6% i...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDT.Focus today is release of the Federal Reserve's decision on interest rates at 2:00 PM EDT. Consensus calls for a 0.25% in the Fed Fund Rate to 5.50%. Microsoft dropped $11.86 to $339.12 despite reporting higher than consensus fiscal fourth quarter revenues and earnings Wells Fargo gained $1.37...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:30 AM EDT.Whirlpool dropped $2.26 to $148.50 despite reporting higher than consensus second quarter earnings. The company reported less than consensus second quarter revenues. NXP Semiconductors added $2.72 to $213.60 after reporting higher than consensus second quarter revenues and earnings. F5 Inc advan...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EDT.Today is the last trade day for July listed equity and index options. The Canadian Dollar slipped 0.05 to U.S.75.79 following release of May Canadian Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.5% versus a downwardly revised 1.1% gain in April. Actual was an increase of 0.2%.Cap...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:35 AM EDT.Index futures were unchanged following release of the July Philly Fed Manufacturing Index at 8:30 AM EDT. Consensus was an improvement to -9.7 from -13.7 in June. Actual was -13.5.Netflix dropped $39.44 to $438.15 after reporting less than consensus second quarter revenues. The company also of...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 U.S. June Housing Starts at 8:30 AM EDT. Consensus was a drop to 1,450,000 units from revised 1,559,000 units in May. Actual was a drop to 1.434,000 units.Interactive Brokers dropped $3.70 to $82.47 after reporting less than consensus second quarter...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:35 AM EDTIndex futures were unchanged following release of June U.S. Retail Sales at 8:30 AM EDT. Consensus was a gain of 0.2% versus a gain of 0.3% in May. Actual was a gain of 0.2%.The Canadian Dollar was unchanged at US75.82 cents following release of Canada's June Consumer Price Index at 8:30 AM EDT....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:35 AM EDT. Index futures were unchanged following release of the July Empire State manufacturing survey at 8:30 AM EDT. Consensus was unchanged versus a gain of 6.6 in June. Actual was a gain of 1.1.Pepsico slipped $2.21 to $186.00 after Morgan Stanley downgraded the stockState Street dropped $1.41 to $6...Read More
offers an outlook on North American equity markets as a guest on "Wolf on Bay Street" available on Saturday at 7:00 PM EDT on Corus radio (Channel 640 in Toronto) Pre-opening Comments for Friday July 14thU.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EDT. JP Morgan added $4.48 to $153.25 after reporting higher than consensus second quarter...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EDT.S&P 500 futures were virtually unchanged following release of the U.S. June Producer Price Index at 8:30 AM EDT. Consensus called for an increase 0.2% versus a drop of-0.3% in May. Actual was an increase of 0.1%. Excluding food and energy, June Producer Price Index was expected to increase...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:35 AM EDT.S&P 500 futures jumped 22 points following release of the U.S. June Consumer Price Index at 8:30 AM EDT Consensus was an increase of 0.3% versus a gain of 0.1% in May. Actual was an increase of 0.2%. On a year-over-year basis, June CPI was expected to increase 3.1% versus a gain of 4.0% in...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.WD 40 added $7.95 to $201.75 after reporting higher than consensus fiscal third quarter earnings. Viridian Therapeutics dropped $4.56 to $19.96 after announcing a design change to its study for chronic eye disease therapy. Apple gained $0.75 to $189.36 after KeyBanc Capital raised its target pri...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT. Meta Platform added $2.74 to $293.50 on news that subscriptions to its new product, Threads are nearing 100 million.Fisker dropped $0.35 to $5.65 after announcing plans to issue convertible notes valued at $340 million.Northern Trust slipped $0.67 to 473.65 after UBS downgraded the stock from Buy...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:35 AM EDT. Index futures moved lower following release for June Non-farm Payrolls at 8:30 AM EDT Consensus was an increase of 230,000 versus a gain of downwardly revised 306,000 in April. Actual was an increase of 209,000. June Unemployment Rate was expected to remain unchanged at 3.7% reported in May. A...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 36 points at 8:35 AM EDT.S&P 500 futures dropped 8 points following release of the May U.S. Trade Report at 8:30 AM EDT. Consensus was a deficit of $69.80 billion versus a deficit of $74.60 billion in April. Actual was a deficit of $69.00 billion.June ISM Non-manufacturing ISM PMI is released at 10:00 AM EDT. Cons...Read More