U.S. equity index futures were lower this morning. S&P 500 futures were down 2 points at 8:35 AM EDT.Index futures were unchanged following release of the U.S. August Consumer Price Index report at 8:30 AM EDT. Consensus was an increase of 0.6% versus an increase of 0.2% in July. Actual was an increase of 0.6%. On a year-over-year basis, consensus was an increase of 3.6% versus a gain of 3.2%...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:30 AM EDT.Oracle dropped $6.74 to $119.89 after reporting less than consensus fiscal first quarter revenues. Also, Davidson lowered its target price from $115 to $105.Moderna added $0.91 to $106.71 after the FDA approved its MRNA shots for people older than 12 years.Casey's General Stores added $7.60 to...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points at 8:30 AM EDT.Hostess Foods advanced $4.19 to an all-time high at $32.30 on news that Smucker is close to a deal to buy the company.Tesla advanced $15.83 to $264.33 after Morgan Stanley upgraded the stock to Overweight. Target price was raised to $400.Oracle added $1.50 to an all-time high at $127.82 prior t...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDTThe Canadian Dollar added 0.13 to 73.46 following release of Canada's August Employment Report at 8:30 AM EDT. Consensus was an increase in employment of 20,000 versus a decline of 6,400 in July. Actual was an increase of 39,900. Consensus was an increase in the Unemployment Rate to 5.6% from 5.5% i...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 25 points at 8:30 AM EDT.Apple dropped $6.79 to $182.91 after the Chinese government prohibited use of iPhones by its employees.BlackBerry dropped $0.44 to US$5.10 after reporting less than consensus fiscal second quarter results. WestRock advanced $3.70 to $35.58 after closing in on a merger with Smurfitkappa. Americ...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:35 AM EDT.Index futures were unchanged following release of the July U.S. Trade report at 8:30 AM EDT. Consensus was a deficit of $65.50 billion versus a deficit of $65.80 billion in June. Actual was a deficit of $65.00 billion.Enbridge dropped $2.35 to US$32.93 after announcing purchase of U.S. gas dis...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:30 EDT.Oracle added $1.78 to $122.71 after Barclay's upgraded the stock to Outperform.American Express gained $0.68 to $160.30 after Royal Bank upgraded the stock to Outperform.Domino's Pizza advanced $4.86 to $396.00 after TD Cowen upgraded the stock to Outperform. EquityClock's Daily CommentHeadl...Read More
(Updates prices) By Pratima Desai LONDON, Sept 4 (Reuters) - Copper prices retreated onMonday as the market fretted over demand in top consumer Chinaand rising inventories in London Metal Exchange-registeredwarehouses, though losses were capped by a softer dollar. Traders said volumes were subdued because of the Labor Dayholiday in the United States. Benchmark copper on the LME was 0.5% down at $...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 29 points at 8:35 AM EDTIndex futures gained 15 points following release of the U.S. August Employment Report at 8:30 AM EDT. Non-farm Payrolls were expected to increase 170,000 versus a gain of 187,000 in July. Actual was an increase of 187,000 versus a revised gain of 157,000 in July. August Unemployment Rate was ex...Read More
Equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:35 AM Equity index futures were unchanged following release of U.S. economic reports at 8:30 AM EDT. July Core PCE Price Index was expected to increase 0.2% versus a gain of 0.2% in June. Actual was a gain of 0.2%. On a year-over-year basis, July Core PCE Price Index was expected to increase 4.2% versus 4.1%...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 Index futures added 4 points following release of revised U.S. second quarter annualized GDP at 8:30 AM EDT. Consensus was an increase of 2.4%. Actual was an increase of 2.1%HP Inc dropped $1.88 to $29.49 after reporting lower than consensus third quarter earnings. The company also...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:30 AM EDT. Big Lots jumped $1.04 to $7.32 after reporting a narrower than expected second quarter loss.JM Smucker advanced $3.65 to $146.54 after reporting higher than consensus fiscal first quarter earnings. Best Buy added $0.75 to $74.82 after reporting higher than consensus second quarter earnings. Ba...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:30 AM EDT. Horizon Therapeutics added $5.38 to $112.05 after the Federal Trade Commission halted its challenge of Amgen to take over the company.MMM gained $5.05 to 104.00 on news that the company is nearing a settlement to pay $5.5 billion to resolve a claim on faulty earplugs sold to the U.S. military....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:30 AM EDT.Investors are waiting for a statement on FOMC interest rate expectations to be presented today by Federal Reserve Chairman Powell at the Jackson Hole symposium.Affirm added $0.97 to $14.80 after reporting higher than consensus fiscal first quarter results. The company also raised guidance for t...Read More
(Updates prices) By Eric Onstad LONDON, Aug 24 (Reuters) - Copper prices pulled back onThursday after five sessions of gains, as unease surroundinghigh interest rates curbing global growth offset optimism aboutan uptick of demand in top metals consumer China. Three-month copper on the London Metal Exchange (LME) slipped 1.1% to $8,360 a metric ton by 1600 GMT aftertouching its highest since Aug....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDTU.S. equity indices were unchanged following release of the July Durable Goods Orders report at 8:30 AM EDT. Consensus was a drop of 4.0% from June versus a gain of 4.7% in June. Actual was a drop of 5.2%.Focus today and tomorrow is on news from the Jackson Hole symposium. Primary topic is on th...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDTThe Canadian Dollar was unchanged at US73.60 cents following release of Canada's June Retail Sales at 8:30 AM EDT. Consensus was unchanged from May. Actual was an increase of 0.1%.Toll Brothers gained $0.66 to $76.70 after reporting higher than consensus fiscal third quarter earnings. The company...Read More
(Updates prices) By Julian Luk LONDON, Aug 22 (Reuters) - Copper prices rose on Tuesdayfor a fourth session, building on gains last week, buoyed byfirm consumption data in China and more Chinese monetary supportmeasures. Three-month copper on the London Metal Exchange(LME) was up 1% at $8,360 per metric ton at 1618 GMT."There is a short term uptick in the sentiment today," saidDan Smith...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points at 8:30 AM EDT.Zoom gained $2.48 to $69.75 after reporting higher than consensus second quarter earnings. The company also raised guidance.Kenvue, a recent spin off from Pfizer, added $0.15 to $23.05 on news that the stock will replace Advanced Auto Parts in the S&P 500 Index.Charles Schwab slipped $0.06...Read More
(Updates prices) By Julian Luk LONDON, Aug 21 (Reuters) - Copper prices climbed onMonday after Reuters reported that China's state banks acted tostabilise a sliding offshore yuan, traders said, butdisappointment with China's latest package of measures to boosteconomic growth capped gains. Three-month copper on the London Metal Exchange(LME) was up 0.5% at $8,280 per metric ton at 1611 GMT afterth...Read More