Pre-opening Comments for Friday June 30thU.S. equity index futures were higher this morning. S&P 500 futures were up 28 points in pre-opening trade. S&P 500 futures gained 7 points following release of economic news at 8:30 AM EDT:May Core PCE Price Index was expected to increase 0.3% versus a gain of 0.4% in April. Actual was an increase of 0.3%. On a year-over-year basis, the Index...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points at 8:35 AM EDT.Index futures added were unchanged following release of final first quarter annualized estimate for U.S. real GDP at 8:30 AM EDT. Consensus was an increase of 1.4% versus a gain of 2.6% in the fourth quarter of 2022. Actual was an increase of 2.0%.Major U.S Bank SPDRs $KBE added $0.43 to $36.00...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDT.After the close yesterday Nvidia dropped $12.96 to $405.80 and Advanced Micro Devices plunged $3.08 to $107.31 on news that the Biden administration is considering a new ban on sales of Artificial Intelligence chips to China.Jefferies Financial slipped $0.30 to $31.64 after the company lowered...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EDT.Index futures added 5 points following release of May Durable Goods Orders at 8:35 AM EDT. Consensus was a drop 1.3% versus gain of 1.1% in April. Actual was an increase of 1.7%.The Canadian Dollar was unchanged at US76.02 cents following release of Canada's May Consumer Price Index on a year-ov...Read More
(Updates prices) By Polina Devitt LONDON, June 26 (Reuters) - Copper prices edged up onMonday as declining stocks in warehouses registered by theLondon Metal Exchange (LME) and rain-hit mining operations inChile offset a firm dollar and concerns about global economicgrowth. Benchmark copper on the LME was up 0.1% at $8,397.50a metric ton by 1550 GMT after the metal used in power andconstruction f...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT.Tesla dropped $8.01 to $256.60 after Goldman Sachs downgraded the stock from Buy to Neutral.Shopify (SHOP.TO Cdn$84.61)) is expected to open lower on news that the Canada Revenue Agency is examining its tax returns for the past six years. Micron added $0.35 to $65.63 after Stifel Nicolaus raised it...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 27 points at 8:30 AM EDT.MMM advanced $3.59 to $103.78 after reaching a settlement valued at $10.3 billion on its "forever chemical" suit.Smith & Wesson gained $0.36 to $11.60 after reporting higher than consensus fiscal fourth quarter results. Block dropped $0.57 to $63.54 after Truist lowered its target price fr...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points at 8:35 AM EDT.Bank of England increased its interest rate for United Kingdom banks by 0.50% to 5.00%.Federal Reserve Chairman Powell continues his testimony to Congress starting at 10:00 AM EDT.Boeing dropped $7.33 to $204.75 after its biggest component supplier, Spirit Aero Systems received a strike notice...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:35 AM EDT. Focus today is on Federal Reserve Chairman Powell's Congressional testimony on U.S. monetary policy starting at 10:00 AM EDT.The Canadian Dollar added $0.05 to US76.67 cents after release of Canada's April Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.4%. Actual was an increase...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:30 AM EDTTSX Capped REIT iShares moved below Cdn$16.20 yesterday extending an intermediate downtrend. Intel gained $0.18 to $36.55 after announcing a $33 billion plan to build two plants in Germany. PayPal added $1.07 to $67.50 after announcing plans to increase its share buyback program from $4 billion...Read More
Editor's Note: With U.S. equity markets closed on Monday for Juneteenth; Tech Talk next will appear on Tuesday June 20th. See you then! Pre-opening Comments for Friday June 16th U.S. equity index futures were higher this morning. S&P b500 futures were up 10 points at 8:30 AM EDT.Adobe advanced...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points at 8:35 AM EDT.Equity index futures were unchanged following release of economic news at 8:30 AM EDT. Consensus for May Retail Sales was a drop of 0.1% versus a gain of 0.4% in April. Actual was an increase of 0.3%. Excluding auto sales, consensus for May Retail Sales was an increase of 0.1% versus a gain of...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:35 AM EDT.Index futures were unchanged following release of the May U.S. Producer Price Index at 8:30 AM EDT. Consensus was a drop of 0.1% versus a gain of 0.2% in April. Actual was a drop of 0.3%. On a year-over-year basis May PPI was expected to increase 1.5% versus a gain of 2.3% in April. Actual was a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EDT. Index futures moved higher following release of the May U.S. Consumer Price Index at 8:30 AM EDT Consensus was an increase 0.1% versus a gain of 0.4% in April. Actual was an increase of 0.1%. On a year-over year basis, consensus was an increase of 4.0% versus a gain of 4.9% in April. Actual was...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT. Illumina dropped $2.19 to $200.53 after the company's Chief Executive Officer resigned.Chinook Therapeutics jumped $15.88 to $39.89 after Novartis agreed to purchase the company for $40 per share. Value of the offer is $3.5 billion.Carnival advanced $0.72 to $13.81 after JP Morgan upgraded the...Read More
(Updates throughout to add context about LME reforms and statusof nickel market) LONDON, June 9 (Reuters) - The London Metal Exchange(LME) said on Friday it had received the first application toapprove a new nickel brand for delivery against its nickelcontract since it cut the waiting time for listing to threemonths from six to nine months in March. The 146-year-old exchange has struggled to revi...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT.The Canadian Dollar dropped 0.13 to US74.88 cents following release of Canada's May Employment report at 8:30 AM EDT. Consensus called for a gain of 21,300 employees versus an increase of 41,400 in April. Actual was a drop of 17,300. Consensus called for an increase in the May Unemployment Rate to...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT.GameStop dropped $5.41 to $20.70 after the company's CEO was fired.Cardinal Health added $0.18to $83.45 after the company raised its share buyback program by $3.5 billion.Semtech advanced $5.23 to $27.66 after reporting a surprise first quarter profit. Carvana jumped $4.03 to $19.58 after offering...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:35 AM EDT. Index futures were virtually unchanged following release of the U.S. April Trade report at 8:30 AM EDT. Consensus was a deficit of $75.6 billion. Actual was a deficit of $74.6 billion.The Canadian Dollar added 0.04 to US74.65 cents following release of Canada's April Merchandise Trade Balance r...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT.Raytheon Technologies added $0.25 to $96.00 after winning a $2.02 billion contract from the U.S. Navy.Spotify gained $5.13 to $156.87 after announcing plans to cut costs by lowering employee count.Ciena added $1.12 to $49.25 after reporting higher than consensus fiscal second quarter revenues a...Read More