Next report is to be released on Tuesday, January 2nd. Monday is a holiday in most equity markets. HAPPY NEW YEAR!More from the network: Stock Market Outlook for December 4, 2023Stock Market Outlook for December 1, 2023Stock Market Outlook for November 30, 2023Stock Market Outlook for November 29, 2023Stock Market Outlook for November 28, 2023Read More
U.S. equity index futures were mixed this morning. S&P 500 futures unchanged at 8:30 AM EST.UnitedHealth Group added $3.10 to 528.00 after booking a $7 billion charge following a deal to sell its Brazil operations. Jabil slipped $0.58 to $127.40 after lowering its fiscal second quarter outlook.Expedia added $0.90 to $154.18 after Ascendiant Capital raised its target price from $133 to $168....Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:30 AM EST.Microsoft added $0.76 to $374.83 after Wedbush raised its target from $425 to $450.Livent gained $0.21 to $18.11 after Mizuho raised its target price from $15 to $20.SQM advanced $3.08 to $64.05 after the company arranged a partnership to develop lithium in Chile.Netflix added $2.08 to $493.97 aft...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:35 AM EST.Index futures were unchanged following release of economic data at 8:30 AM EST:November Durable Goods Orders were expected to increase 1.7% versus a decline of 5.4% in October. Actual was an increase of 5.4%.November Core PCE Price Index was expected to increase 0.2% versus a gain of 0.2% in Oct...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 34 points at 8:35 AM EST.S&P 500 Index futures added 10 points following release of economic news at 8:30 AM EST. Consensus for the updated annualized U.S. third quarter real GDP was unchanged at 5.2%.Actual was a slip to 4.9%. Consensus for the December Philly Fed Index was -3.0 versus -5.9 in November. Actual was...Read More
U.S. equity index futures were lower this morning. S&P 500 futures dropped 8 points at 8:30 AM EST.FedEx dropped $22.82 to $257.18 after reporting less than consensus second quarter results.Steelcase dropped $1.32 to $11.38 after the company offered lower than consensus fourth quarter revenue guidance.General Mills dropped $1.75 to $64.96 after the company lowered sales guidance. Lowe's droppe...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 4,803 at 8:35 AM EST.Index futures were unchanged following release of the U.S. November New Home Starts report at 8:30 AM EST. Consensus was a drop to 1.360 million units from 1.472 million units in October. Actual was an increase to 1.56 million units.The Canadian Dollar added 0.13 to US74.90 cents follo...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EST. U.S. Steel advanced $11.22 to $50.55 after Nippon Steel offered to buy the company for $ 55.00 per share. Value of the cash offer is estimated at $14.1 billion.VF Corp dropped $1.15 to $18.76 after disclosing that the company is the victim of a cyberattackMasonite dropped $2.00 to $100.00 afte...Read More
Equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:35 AM ESTIndex futures dropped 6 points following release of the December Empire State Manufacturing Survey at 8:30 AM EST. Consensus was a drop to +4.0 from +9.1 in November. Actual was a drop to -14.5.Today is "Triple Witching Day', the last trade day in December for listed index and equity options and futur...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EST.Index futures were unchanged following release of November Retail Sales at 8:30 AM EST. Consensus called for a decline of 0.1% versus a decline of 0.1% in October. Actual was an increase of 0.3%. Excluding auto sales, consensus called for a decline of 0.1% versus a gain of 0.1% in October. Actu...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:35 AM EST.Index futures were unchanged following release of the November Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.1% versus a decline of 0.5% in October. Actual was unchanged. On a year-over-year basis, consensus was an increase of 1.0% versus a gain of 1.3% in October. Actual w...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:35 AM ESTU.S. equity index futures added were unchanged following release of the November Consumer Price Index at 8:30 AM EST. Consensus was unchanged versus unchanged in October. Actual was an increase of 0.1%. On a year-over-year basis, consensus was an increase of 3.1% versus a gain of 3.2% in October....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EST.Macy's jumped $3.01 to $20.40 after Arkhouse Management and Brigade Capital Management offered to acquire the company for $21 per share.Cigna advanced $34.75 to $293.55 after the company raised its stock buyback program by $10 billion.Palo Alto added $0.82 to $299.24 after JP Morgan raised its...Read More
Equity index futures were lower this morning. S&P 500 futures were down 20 points at 8:35 AM ESTIndex futures dropped 12 points following release of the November Employment report at 8:30 AM EST. Consensus for November Non-farm Payrolls was an increase to 180,000 from 150,000 in October. Actual was 199,000. Consensus for the November Unemployment Rate was unchanged at 3.9% from October. Actual...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 8:30 AM EST.GameStop dropped $0.41 to $14.43 after reporting less than consensus third quarter revenues. Chewy fell $1.76 to $17.59 after reporting a third quarter loss. Braze advanced $6.88 to $63.00 after reporting higher than consensus third quarter revenues. Cerevel Theropeutics jumped $5.76 to $42.69 a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM ESTU.S. equity index futures added 4 points following release of the U.S. Trade Deficit at 8:30 AM EST. Consensus was $64.10 billion, an increase from $61.50 billion in September. Actual was $64.3 billion.The Bank of Canada updates its overnight lending rate for major Canadian banks at 10:00 AM EST...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:30 AM EST.CVS Health gained $1.92 to $70.40 after offering positive fourth quarter 2023 and 2024 guidance. The company also raised its quarterly dividend by 10%.JM Smucker added $3.37 to $115.80 after reporting higher than consensus third quarter earnings.Design Brands dropped $4.16 to $8.65 after repor...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points at 8:30 AM EST.Alaska Airlines slipped $0.57 to $39.16 and Hawaiian Airlines jumped $8.85 to $13.71 after Alaska Airlines offered to purchase Hawaiian Airlines for $1.9 billion.Bitcoin jumped $2,140.42 to $41,547.22 in overnight trade.Spot gold briefly touched an all-time high at US$2,095.70 in overnight tra...Read More
U.S equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:35 AM EST.Canadian Dollar added 0.05 to US78.88 cents following release of Canada's November Employment Report. Consensus was an increase in employment of 14,000 versus a gain of 17,500 in October. Actual was an increase of 24,900. Consensus was an increase in the Unemployment Rate to 5.8% from 5.7% in Oc...Read More
U.S .index futures were higher this morning. S&P 500 futures added 14 points at 8:35 AM ESTIndex futures were unchanged following release of the October Core PCE Price Index at 8:30 AM EST. Consensus was an annual increase of 3.5% versus 3.7% in September. Actual was an increase of 3.5%Salesforce.com advanced $16.96 to $247.40 after reporting higher than consensus third quarter results.La Z Bo...Read More