U.S. equity index futures were higher at 7:30 AM EDT. S&P 500 futures were up 31 points in pre-opening trade.Federal Reserve Chairman continues his testimony today at 10:00 AM EDT before a House of Representative CommitteeTesla slipped $1.77 to $706.49 after Morgan Stanley lowered its target price from $1300 to $1200. Also, the company announced plans to increase production in China.KB Homes a...Read More
(Adds union statement about detained workers and suspension oftalks) By Natalia A. Ramos Miranda and Fabian Cambero SANTIAGO, June 22 (Reuters) - Workers at Chilean state-ownedmining giant Codelco, the world's largest copper producer,launched a major strike on Wednesday to protest the closure of asmelter over environmental issues, though the governmentdownplayed the impact on operations. The Feder...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 61 points in pre-opening trade. Investors are waiting for testimony on monetary policy by Federal Reserve Chairman Powell to Congressional leaders today and tomorrow starting at 10:00 AM EDT. The Canadian Dollar was virtually unchanged at US77.06 cents following release of Canada's May Consumer Price Index at 8:30 AM...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 57 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US77.27 cents following release of Canada's April Retail Sales report at 8:30 AM EDT. Consensus was an increase of 0.8% versus a gain of 0.2% in March. Actual was an increase of 0.8%.Spirit Airlines advanced $1.92 to $23.20 after Jet Blue rai...Read More
(New throughout, adding Vale and BHP statement saying Samarcois not for sale, sources confirming talks and creditorsresponding to criticism of its restructuring plan) By Tatiana Bautzer SAO PAULO, June 20 (Reuters) - Miners Vale SA andBHP Group said in a joint statement on Mondaythey are not interested in selling their joint venture Samarco,after reports of the interest of Brazilian steelmaker Com...Read More
Editor's Note Tech Talk will appear on Monday despite the U.S. holiday.U.S. equity index futures were higher this morning. S&P 500 futures were up 34 points in pre-opening trade.Volume in U.S. equity markets are expected to be higher than average. Today is quadruple witching day when September equity and index options and September equity and index futures record their last trade date.Ad...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 84 points at 7:30 AM EDT. Index futures are responding to expectations that the Bank of England will increase its overnight lending rate today.U.S. equity index futures were waiting for release of economic news at 8:30 AM EDT. Consensus for the June Philly Fed Index is an increase to 5.3 from 2.6 in May. Consensus for...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the June Empire State Manufacturing Survey was unchanged versus a drop of 11.60 in May. Actual was a drop of 1.2. Consensus for May Retail Sales was an increase of 0.1% versus a gain of...Read More
(Corrects to "largest" from "only" processor in secondparagraph) By Praveen Menon and Riya Sharma June 14 (Reuters) - Australia's Lynas Rare Earths has signed a $120 million follow-on contract with the U.S.Department of Defense to build a commercial heavy rare earthsseparation facility in Texas, the firm said on Tuesday. Lynas is the world's largest processor of rare earthsouts...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 20 points in pre-opening trade. Index futures moved slightly higher following release of the May Producer Price Index at 8:30 AM EDT. PPI was expected to increase 0.8% versus a gain of 0.5% in April. Actual was an increase of 0.8%. On a year-over-year basis, May Producer Price Index was expected to increase 10.9% vers...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 82 points in pre-opening trade.World equity indices moved lower this morning in response to continued strength in the U.S. Dollar. Indices are responding to anticipation of tightening U.S. monetary policy to be announced by the Federal Reserve on Wednesday. The Canadian Dollar dropped another 0.47 to US77.75 cents.BP...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 44 points in pre-opening trade.U.S. equity index futures moved lower following release of the May Consumer Price Index at 8:30 AM EDT. May U.S. Consumer Price Index to be released at 8:30 AM EDT on Friday was expected to increase 0.7% versus a gain of 0.3% in April. Actual was an increase of 1.0%. On a year-over-year...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points at 7:30 AM EDT The European Central Bank is scheduled to update its monetary policy this morning at 7:45 AM EDT. It is expected to end its simulating monetary policy.Tesla advanced $26.25 to $751.82 after UBS upgraded the stock to Buy.Target gained $1.64 to $158.34 after the company announced a 20% increase i...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade.Novavax jumped $9.96 to $57.50 after the FDA Advisory Group voted to recommend the company's COVID 19 vaccine.Scotts Miracle Grow plunged $13.86 to $88.32 after issuing a profit warning. Campbell Soup added $1.70 to $48.30 after reporting higher than consensus fiscal third quarter revenu...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 36 points in pre-opening trade.Target Stores dropped $12.78 to $146.89 after the company cut its profit estimate for the second quarter. JM Smucker fell $3.76 to $119.50 after lowering its fiscal first quarter guidance. McKesson added $2.41 to $320.20 after Deutsche Bank upgraded its rating from Hold to Buy.Amerisourc...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 43 points in pre-opening trade.Amazon added $1.79 to $124.14 following a 20 for 1 stock split effective today. Spotify added $5.22 to $117.45 after Raymond James upgraded the stock from Market Perform to Outperform.Ryder System added $0.64 to $82.24 after Stifel Nicolaus raised its target price from $80 to $90. Eq...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade. Index futures recovered slightly following release of the U.S. May Employment Report at 8:30 AM EDT. May Non-farm Payrolls were expected to drop to 310,000 jobs from 428,000 jobs in April. Actual was 390,000 jobs. May Unemployment Rate was expected to remain at 3.6% set in April. Actual...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points at 7:30 AM EDT.April Factory Orders to be released at 10:00 AM EDT are expected to increase 0.8% versus a gain of 1.8% in March. Chewy $CHWY gained $4.56 to $28.10 after reporting higher than consensus quarterly revenues and earnings. Hewlett Packard Enterprises $HPE dropped $1.08 to $14.70 after reporting lo...Read More
(Adds Southern Copper statement confirming fire) By Marcelo Rochabrun LIMA, June 1 (Reuters) - Southern Copper Corp saidthat a fire broke out at its Los Chancas mining project onTuesday evening, at around the same time as another fire startedat MMG Ltd's Las Bambas copper mine, sources said,amid intensified protests against mines in recent months. Communities in Peru, the world's No. 2 copper prod...Read More
U.S equity index futures were higher this morning. S&P 500 futures were up 17 points in pre-opening trade.Investors are awaiting U.S. economic news to be released at 10:00 AM EDT. Consensus for April Construction Spending was an increase of 0.5% versus a gain of 0.1% in March. Consensus for the May Manufacturing ISM Purchasing Managers Index is a slip to 54.5 from 55.4 in April.Investors also...Read More