U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDTS&P 500 futures were unchanged following release of the June U.S. Producer Price Index at 8:30 AM EDT. Consensus was an increase 0.1% versus downwardly revised unchanged in May. Actual was an increase of 0.2%. On a year-over-year basis, June PPI was expected to increase 2.3% versus a gain of 2.1...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 added 20 points following release of the June U.S. Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.1% versus no change in May. Actual was a drop of 0.1%. On a year-over-year basis, consensus was an increase of 3.1% versus a gain of 3.3% in May. Actual was...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:30 AM EDT. LegalZoom.com dropped $0.90 to $6.95 after the company lowered its sales outlookCummins added $0.32 to $269.00 after the company raised its quarterly dividend. Taiwan Semiconductor added $3.94 to $188.46 after reporting a 40% increase in second quarter revenues. Spotify dropped $4.55 to $307.0...Read More
Tuesday July 9thU.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.Federal Reserve Chairman Jerome Powell is slated to testify before a Congressional Committee at 11:00 AM EDT on state of the economy.Helen of Troy dropped $25.01 to $64.00 after reporting less than consensus fiscal first quarter revenues and earning...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDTMorphic Holding advanced $24.57 to $56.41 after Eli Lilly agreed to purchase the company at $57.00 per share. Value of the offer is $3.2 billion. Paramount Global added $0.28 to $12.09 after the company agreed to a merger with Skydance.Corning added $2.71 to $41.15 after the company raised second...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 6 points at 8:35 AM EDT.S&P 500 futures added 4 points following release of the June U.S. Non-farm Payrolls report at 8:30 AM EDT. Consensus was a drop to 189,000 from 272,000 in May. Actual was a drop to 206,000. June Unemployment Rate was expected to remain unchanged from May at 4.0%. Actual was an increase to 4.1...Read More
Next Tech Talk report is released on Friday. U.S. equity markets are closed tomorrow. Trading activity in Canadian equity markets are expected to be low. U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDTU.S. equity markets close today at 1:00 PM EDT.Gold gained $30.10 to US$2,363.40 per ounce in overnight trade.Eli Lilly gained $3.29 to $910.0...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points at 8:30 AM EDT. Federal Chairman Jerome Powell is scheduled to speak at 9:30 AM EDTWTI Crude Oil added $0.72 to US$84.18 as Hurricane Beryl moves toward the Gulf of Mexico, an important crude oil producing area. Carnival Cruise dropped $0.20 to $17.51 in response to the approach by Hurricane BerylMSC Industr...Read More
The stage is set for the Summer Rally. See comments below Economic News This WeekSource: www.Investing.comJune ISM Manufacturing PMI released at 10:00 AM EDT on Monday is expected to increase to 49.2 from 48.7 in May.May U.S. Construction Spending released at 10:00 AM EDT on Monday is expected to increase 0.3% versus a decline of 0.1% in April.Federal Reserve Chairman Powell speaks to Congres...Read More
U.S equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDT.S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EDT. Core May PCE Price Index was expected to increase 0.1% versus a gain of 0.2% in April. Actual was unchanged. On a year-over-year basis, Core May PCE Price Index was expected to drop to 2.6% from 2.8% in April...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:35 AM EDT.U.S. equity index futures recovered 5 points following release of economic news at 8:30 AM EDT: May Durable Goods Orders were expected to decrease 0.6% versus a gain of 0.7% in April. Actual was an increase of 0.1%. Updated U.S. first quarter annualized real GDP growth was expected to remain un...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points at 8:30 AM EDT.Rivian jumped $6.49 to $18.45 after Volkswagen announced a joint venture where Volkswagen committed up to a $5 billion investment.FedEx advanced $38.36 to $295.00 after the company announced higher than consensus fiscal fourth quarter results. The company also announced plans to spin off one of...Read More
U.S. equity index futures were higher this morning. S&P 500 futures added 8 points at 8:35 AM EDT.The Canadian Dollar rose 0.20 to US73.32 cents following release of Canada's May Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.3% versus a gain of 0.5% in April. Actual was an increase of 0.6%. On a year-over-year basis, consensus was an increase of 2.6% versus a gain of 2.6%...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDT.Gold added $6.50 to$2,338.00 after JP Morgan noted its "structurally bullish" opinion on Gold and Silver. Target for gold in 2025 is $2,600. Target for silver is $34.Anheuser Busch added $1.72 to $60.78 after UBS upgraded the stock to buy.BioNTech advanced $2.05 to $86.69 after the FDA gave its...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:30 AM EDT. Today is "Quadruple Witching Day", the last trade day for U.S. listed June equity and index options and futures. Volume and volatility in U.S. markets are expected to be higher than usual.Delta Airlines added $0.02 to $49.63 after announcing a 50% increase in its dividend.CarMax gained $0.84...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:35 AM EDT.S&P 500 futures slipped 2 points following release of economic news at 8:30 AM EDT. Consensus for May U.S. Housing starts was an increase to 1.380 million units from 1.360 million units in April. Actual was a drop to 1.277 million units. Consensus for the June Philly Fed Index was an increa...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:35 AM EDT.U.S. equity index futures were unchanged following release of May U.S. Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.2% versus revised down 0.2% in April. Actual was a 0.1% increase. Lennar dropped $2.81 to $153.70 despite reporting higher than consensus fiscal second quarter revenue...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:35 AM EDT.S&P 500 Index futures dropped 4 points following release of the June Empire State Manufacturing Survey at 8:30 AM EDT. Consensus called for an improvement to -12.50 from -15.60 in May. Actual was an improvement to -6.00.Autodesk added $9.73 to $235.60 after Starboard Value took a $500 milli...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:35 AM EDT.Adobe advanced $66.45 to $525.19 after reporting higher than consensus second quarter results. The company also offered positive guidance. Tesla added $0.53 to $183.00 after shareholders approved Musk's bonus package valued at $56 billion. Informatica added $0.77 to $30.33 after reporting high...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:35 AM EDTS&P 500 futures added 10 points following release of the May Producer Price Index at 8:30 AM EDT Consensus was an increase of 0.2% versus a gain of 0.5% in April. Actual was down 0.2%. On a year-over-year basis, consensus was an increase of 2.2% versus a gain of 2.3% in April. Actual was 2.2...Read More