U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. U.S. equity index futures moved higher following release of the August Employment Report at 8:30 AM EDT. Consensus for August non-farm Payrolls was a drop to 318,000 from revised 526,000 in July. Actual was 315,000. Consensus for August Unemployment Rate was unchanged from July at 3.5%....Read More
* Tin tumbles to weakest level in 19 months * GRAPHIC-2022 asset returns: (Updates prices) By Eric Onstad LONDON, Sept 1 (Reuters) - Aluminium prices stumbled totheir lowest in 16 months on Thursday while other based metalsalso slid on renewed worries about weak demand after downbeateconomic data in top metals consumer China amid fresh COVID-19lockdowns. Benchmark aluminium on the London Metal Exc...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade. Costco added $1.70 to $523.80 after its August sales rose 11%Walt Disney advanced $1.80 to 113.88 on news that the company is exploring an approach to membership similar to Amazon's Prime modelOkta dropped $7.08 to $84.35 after releasing second quarter results. Mizuho lowered its target...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. The Canadian Dollar slipped 0.08 to US76.16 cents following release of Canada's second quarter real GDP. Consensus was growth at a 4.5% versus a gain of 3.1% in the first quarter. Actual was a gain of 3.3%HP Inc dropped $1.15 to $29.95 after reporting less than consensus quarterly...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. Best Buy added $1.99 to $75.69 after reporting higher than consensus second quarter earnings.Twitter slipped $0.37 to $39.67 after Elon Musk issued a letter to terminate his takeover offer.Big Lots added $0.49 to $22.04 after reporting higher than consensus second quarter earnings.Bank o...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 32 points in pre-opening trade.Dollar Tree dropped $1.36 to $137.34 after Deutsche Bank lowered its target price from $185 to $163.Toll Brothers fell $0.62 to $45.65 after Raymond James reduced its target price from $75 to $56.Dow Inc. fell $1.31 to $53.15 after KeyBanc Capital downgraded the stock from Sector Perform...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade.Index futures were virtually unchanged following release of core July PCE Price Index at 8:30 AM EDT. Consensus on a year-over-year basis was unchanged at 4.8%. Actual was 4.6%.Investors are waiting for a speech from Fed Chairman Powell at 10:00 AM EDT Workday advanced $19.39 to $181.75 a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade.Index futures were virtually unchanged following release of next estimate for second quarter real GDP at 8:30 AM EDT. Consensus was a reduction of 0.7% versus the first estimate of a reduction of 0.9%. Actual was a reduction of 0.6%.Nvidia (NVDA) dropped $4.72 to $167.50 after lowering th...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.Equity index futures were virtually unchanged following release of July Durable Goods Orders at 8:30 AM EDT. Consensus was an increase of 0.8% versus a gain of 2.0% in June. Actual was unchanged. Excluding transportation sales, consensus for July Durable Goods Orders was an increase of 0.2...Read More
(Updates paragraph 9 to say VW's ID4 will qualify for a $7,500tax credit in 2022) FRANKFURT, Aug 23 (Reuters) - German carmakers Volkswagen and Mercedes-Benz struck battery materialscooperation agreements with mineral-rich Canada on Tuesday,intensifying efforts to secure access to lithium, nickel andcobalt. The move comes as automakers roll out their electric-vehicleexpansion strategies globally i...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 2 points in pre-opening trade. Palo Alto Networks $PANW gained $43.85 to $552.00 after the company reported higher than consensus fiscal fourth quarter revenues and earnings. The company also announced a three for one stock split. Stifel raised its target price from $600 to $645. Zoom $ZM dropped $6.64 to $88.74 after...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 51 points in pre-opening trade. FedEx dropped $2.95 to $228.78 after Evercore added the stock to its tactical underperform list.United Parcel Services fell $4.49 to 203.94 after Evercore lowered its rating from Outperform to In Line.Canadian National Railway dropped $2.22 to $124.49 after Evercore lowered its rating f...Read More
(Updates market moves) By Lewis Krauskopf NEW YORK, Aug 19 (Reuters) - The rebound in U.S. stocks isgaining believers among investors who study market trends,bolstering hopes for equities in the second half of 2022. After notching its worst first half since 1970, the S&P 500has bounced some 15% from its mid-June low, fueled bystronger-than-expected corporate earnings and hopes the economycan a...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 42 points in pre-opening trade.Applied Materials $AMAT gained $0.30 to $108.57 after reporting higher than consensus third quarter results. Home Depot added $3.29 to $328.50 after the company authorized a $15 billion share buyback program.Deere dropped $19.99 to $348.00 after reporting less than consensus fiscal third...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Index futures were virtually unchanged following release of the August Philly Fed report at 8:30 AM EDT. Consensus was a drop of 5.0 versus a decline of 12.3 in July. Actual was an increase of 6.2%Cisco advanced $1.55 to $48.16 after reporting higher than consensus fiscal fourth quarter re...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 37 points in pre-opening trade. Index futures were virtually unchanged following release of the U.S. July Retail Sales report at 8:30 AM EDT. Consensus was an increase of 0.1% versus a gain of 1.0% in June. Actual was unchanged. Excluding auto sales, consensus was a slip of 0.1% versus a gain of 1.0% in June. Actual w...Read More
(Updates prices) By Eric Onstad LONDON, Aug 16 (Reuters) - Zinc prices hit their strongestin two months on Tuesday after production was suspended at aDutch smelter because of high power prices, stoking fears ofshortages. Benchmark zinc on the London Metal Exchange (LME)jumped by as much as 7.2% to its highest price since June 9 at$3,819 a tonne, representing the biggest one-day gain since lastOcto...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade.Index futures were virtually unchanged following release of the July U.S. Housing Start report at 8:30 AM EDT. Consensus was a decline of 2.5% from June. Actual was drop of 9.6%.The Canadian Dollar was virtually unchanged at US77.49 cents following release of Canada's July Consumer Price...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade.The Canadian Dollar dropped $0.80 to US 77.43 cents following overnight strength in the U.S DollarEnergy equity prices are expected to open lower after the price of crude oil dropped $4.61 to US$87.48 per barrel.Dillard's added $2.82 to $304.41 after JP Morgan raised its target price fro...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points in pre-opening trade. Illumina dropped $44.45 to $182.99 after reporting lower than consensus second quarter earnings. The company also lowered guidance. Blackrock added $1.95 to $730.60 after Deutsche Bank raised its target price from $720 to $860Toast advanced $2.36 to $20.57 after JP Morgan raised its targ...Read More