U.S. equity index futures were lower this morning. S&P 500 futures were down 67 points at 8:35 AM EDT. Index futures responded to news on trade tariffs effective today.S&P 500 futures dropped an additional 10 points following release of the July U.S. Employment Report at 8:30 AM EDT. Consensus for Non-farm Payrolls was 100,000 versus a downwardly revised 14,000 in June. Actual was a 73,000...Read More
U.S. equity index futures are higher this morning. S&P 500 futures were up 59 points at 8:35 AM EDT.S&P 500 futures were unchanged following release of U.S. economic news at 8:30 AM EDT. Consensus for June Personal Income was a 0.2% gain versus a 0.4% drop in May. Actual was a 0.3% gain Consensus for June Personal Spending was a 0.4% gain versus a 0.1% drop in May. Actual was a 0.3% gain....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.Focus today is on interest rates set by the Bank of Canada and the FOMC. Rates are expected to be unchanged, but guidance could move equity prices.Visa dropped $12.05 to $339.24 after reporting less than consensus fiscal third quarter results. The company also offered fourth quarter guidance bel...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:30 AM EDTCadence Design Systems (CDNS) added $22.24 to an all-time high at $356.00 after reporting higher than consensus second quarter results. The company also raised guidance. Whirlpool (WHR) dropped 12.91 to $85.00 after reporting less than consensus second quarter revenues and earnings. Nucor (NUE)...Read More
U.S. equity indices are higher this morning. S&P 500 futures were up 11 points at 8:30 AM EDT. The Dow Jones Industrial Average is expected to open above its all-time high set on December 4th 2024 at 45,071.29. Strength in U.S. indices was triggered by news that the U.S. and the European Union have reached a trade agreement that included a 15% tariff on European goods imported into the United...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:35 AM EDT.S&P 500 futures were unchanged following release of the June Durable Goods Report at 8:30 AM EDT. Consensus was a 10.3% drop versus an upwardly revised 16.5% gain in May (impacted primarily by Boeing aircraft orders). Actual was a 9.3% drop. Excluding transportation orders, consensus was unc...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDT.Europe Central Bank maintained its Overnight lending rate for banks at 2.15%Alphabet advanced $3.71 to $195.22 after reporting higher than consensus second quarter revenues and earnings. Tesla dropped $15.14 to $317.42 after reporting less than consensus quarterly results.Chipotle dropped $4.79...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:30 AM EDT. Futures reacted to news that an agreement on tariffs between Japan and the United States has been reached. The Nikkei Average responded by advancing 1,396.40 points to 41,171.32Texas Instruments (TXN) dropped $19.93 to $194.99 after offering a weaker than expected third quarter outlook.Capital...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 4 points at 8:30 AM EDT.Norfolk Southern advanced $2.62 to $280.00 on takeover rumors.CSX gained $1.38 to $35.74 on takeover rumors. Lockheed Martin dropped $37.53 to $423.00 after reporting less than consensus second quarter results.Sherwin Williams dropped $11.30 to $331.00 after reporting less than consensus second...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:30 AM EDT. Verizon added $1.82 to $42.67 after reporting higher than consensus second quarter results. The company also raised guidance. Stellantis dropped $0.08 to $9.12 after warning about a $2.7 billion write down.Microsoft dropped $0.75 to $509.30 after issuing an alert about "active attacks" on serv...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 futures were unchanged following release of U.S. June Housing Starts at 8:30 AM EDT. Consensus was an increase to 1.300 million units from 1.256 million units in May. Actual was 1.321 million units.Netflix dropped $22.17 to $1252.00 despite reporting second quarter results in line wi...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDTS&P 500 futures added 2 points following release of economic news at 8:30 AM EDT. Consensus for July Philly Fed Index was a 0.1% drop versus a 0.4% drop in June. Actual was a 15.9 gain. Consensus for June Retail Sales was a 0.2% increase versus a 0.9% drop in June. Actual was a 0.6% increase. Ex...Read More
U.S. equity indices were mixed this morning. S&P 500 futures were up 11 points at 8:35 AM EDTS&P 500 futures added 10 points following release of the June Producer Price Index at 8:30 AM EDT. Consensus was a 0.2% increase versus an upwardly revised 0.3% increase in May. Actual was unchanged. Excluding food and energy consensus was a 0.2% gain versus upwardly revised 0.4% gain in May. Actua...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points at 8:35 AM EDT.S&P 500 futures added 9 points following release of economic news at 8:30 AM EDT. Consensus for the June Consumer Price Index was a 0.3% increase versus a 0.1% increase in May. Actual was a 0.3% increase. On a year-over-year basis, consensus was a 2.7% increase versus a 2.4% increase in May...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points at 8:30 AM EDT. Futures responded to President Trump's announcement yesterday that a 30% tariff on imported goods from Mexico and the Europe Union will be applied on August 1st. Bitcoin in U.S. Dollars added another $$2,488 to $121,417 in anticipation of Congressional action later this week that could increa...Read More
Pre-opening Comments for Friday July 11thU.S. equity index futures were lower this morning. S&P 500 futures were down 35 points at 8:35 AM EDT. Index futures turned lower last night after President Trump announced his intention to impose an additional 35% tariffs on imports from Canada effective August 1stThe Canadian Dollar was unchanged at US73.20 following two news events: President Trump a...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT.Costco gained $10.91 to $993.00 after announcing acceleration in month to month sales growth in June.WK Kellogg jumped $8.67 to $26.17 on news that the company is near a deal to be purchased by Ferrero.Delta Airlines advanced $5.76 to $56.46 after reporting higher than consensus second quarter...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:30 AM EDT.Focus today at 2:00 PM is on the Federal Reserve's meeting minutes for the last FOMC meeting. They may give clues about the timing of the next reduction in the Fed Fund Rate.Copper equities and their related Exchange Traded Fund: (COPX) added $0.40 to $46.05 after President Trump announced a 50...Read More
Pre-opening Comments for Tuesday July 8thU.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:30 AM EDT. Exxon Mobil dropped $0.31 to $110.80 after issuing a profit warning for the second quarter due to lower crude oil and natural gas prices. Capital One added $1.87 to $220.00 after TD Cowen upgraded the stock to Buy.Bank of America dropped $0.96 to $47.70...Read More
Global Silver Equity ETF (SIL) moved above $49.43 to a 12 year high extending an intermediate uptrend. Seasonal influences are strongly favourable on a real and relative basis from the end of June to the end of August (Average gain per period during the past 15 years was 7.3%). See www.EquityClock.com for seasonality chart. Also available in Canadian Dollars through HUZ.TO!Trader's CornerEquity In...Read More