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 5 points following release of the October Employment Report at 8:30 AM EDT. Consensus for Non-farm Payrolls was 100,000 versus 254,000 in September. Actual was 12,000. Consensus for the Unemployment Rate was unchanged from September at 4.1%. Actual was unchanged....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 5 points following release of the October Employment Report at 8:30 AM EDT. Consensus for Non-farm Payrolls was 100,000 versus 254,000 in September. Actual was 12,000. Consensus for the Unemployment Rate was unchanged from September at 4.1%. Actual was unchanged....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 37 points at 8:35 AM EDT.S&P 500 futures slipped 3 points following release of September U.S. Personal Income at 8:30 AM EDT. Consensus was a 0.4% increase versus a 0.2% gain in August. Actual was a 0.3% increase. Consensus for September U.S. Personal Spending was a 0.4 increase versus a 0.2% gain in August. Actua...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 37 points at 8:35 AM EDT.S&P 500 futures slipped 3 points following release of September U.S. Personal Income at 8:30 AM EDT. Consensus was a 0.4% increase versus a 0.2% gain in August. Actual was a 0.3% increase. Consensus for September U.S. Personal Spending was a 0.4 increase versus a 0.2% gain in August. Actua...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT Index futures were unchanged following release of third quarter GDP at 8:30 AM EDT. Consensus calls for a 3.1% annualized growth rate versus a 3.0% growth rate in the second quarter. Actual was 2.8%. Chipotle dropped $2.20 to $58.19 after reporting less than consensus third quarter revenues. Visa...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT Index futures were unchanged following release of third quarter GDP at 8:30 AM EDT. Consensus calls for a 3.1% annualized growth rate versus a 3.0% growth rate in the second quarter. Actual was 2.8%. Chipotle dropped $2.20 to $58.19 after reporting less than consensus third quarter revenues. Visa...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:30 AM EDT.Ford dropped $0.62 to $10.75 after reporting less than consensus third quarter results.VF Corp advanced $3.72 to $20.75 after reporting higher than consensus fiscal second quarter results. Crane added $3.34 to $152.39 after reporting higher than consensus third quarter revenues and earnings. Th...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:30 AM EDT.Ford dropped $0.62 to $10.75 after reporting less than consensus third quarter results.VF Corp advanced $3.72 to $20.75 after reporting higher than consensus fiscal second quarter results. Crane added $3.34 to $152.39 after reporting higher than consensus third quarter revenues and earnings. Th...Read More
Key focuses this week are on third quarter results released by some of the largest U.S. companies including:Ford on Monday Alphabet, McDonalds and Pfizer on Tuesday Microsoft and Eli Lily on Wednesday Apple and Amazon on Thursday Exxon Mobil and Chevron on Friday Volatility in U.S. equity markets (measured by the VIX Index) is expected to remain elevated until after the U.S. elections on November...Read More
Pre-opening Comments for Friday October 25thU.S. equity index futures were higher this morning. S&P 500 futures added 17 points at 8:35 AM EDT.S&P 500 futures unchanged following release of September U.S. Durable Goods Orders at 8:30 AM EDT. Consensus was a 1.0% drop versus unchanged in August. Actual was a 0.8% dropDexcom dropped $10.90 to $64.00 after lowering guindance.Capital One Finan...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points at 8:30 AM EDT.Canada's major chartered banks lowered their prime lending rate by 50 basis points, matching a drop in the Bank of Canada's interest rate.Tesla gained $20.10 to $233.75 after reporting higher than consensus third quarter results. The company also raised fourth quarter guidance.Lam Research adva...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points at 8:30 AM EDT.Bank of Canada issues an economic outlook statement at 9:45 AM EDT. Consensus calls for a 0.50% drop in the Bank's lending rate. McDonald's dropped $21.69 to $293.00 after confirming an E.coli outbreak at 10 of its western U.S. restaurants had infected 49 people and killed one person.Starbucks...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EDT.Nucor dropped $4.41 to $151.70 after reporting lower third quarter earnings. The company also offered lower fourth quarter revenue guidance. Zion Bancorp added $2.86 to $52.30 after reporting higher than consensus third quarter results. Nike added $$0.40 to $81.77 after extending its partnersh...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 16 points at 8:30 AM EDT.People's Bank of China cut its prime lending rate on one and five year lending rates to major banks by 0.25%. The rate on one year loans dropped to 3.1% and the rate on five year loans dropped to 3.6%.Boeing added $5.01 to $160.01 after reaching a tentative agreement with its machinist union....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were up 4 points at 8:35 AM EDT.S&P 500 futures added 7 points following release of the U.S. September Producer Price Index at 8:30 AM EDT. Consensus called for a 0.1% increase versus a 0.2% gain in August. Actual was unchanged. On a year-over-year basis, consensus was a 1.6% versus a 1.7% gain in August. Actual was a 1.8%...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points at 8:35 AM EDT.S&P 500 futures dropped 8 points following release of the U.S. September Consumer Price Index at 8:30 AM EDT. Consensus was a 0.1% increase versus a 0.2% gain in August. Actual was a 0.2% increase. On a year-over-year basis, consensus was a 2.3% increase versus a 2.5% increase in August. A...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:30 AM EDT.Walt Disney slipped $0.10 to $92.41 as Hurricane Milton approaches Disney World in Florida.Boeing dropped $2.33 to $152.32 after withdrawing its offer to end its labor strike.Arcadium Lithium advanced $1.34 to $5.58 after Rio Tinto offered to acquire the company at $5.85 per share. Value of the...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points at 8:35 AM EDT.S&P 500 futures were unchanged following release of the August U.S. trade report at 8:30 AM EDT. Consensus was a $70.8 billion deficit versus a $78.8 billion deficit in July. Actual was a $70.4 billion deficit.Pepsico dropped $1.97 to $165.24 after lowering revenue guidance.Sage Therapeutic...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points at 8:30 AM EDT.Index futures responded to an escalation of the Middle East conflict. WTI Crude Oil added another $2.07 to $76.41 per barrel. Crude oil prices also were impacted by strengthening of Hurricane Milton in the Gulf of Mexico to a category #3.Chevron added $1.84 to $152.58 after its Canadian subsid...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 30 points at 8:35 AM EDT.Index futures added 16 points following release of the U.S. September Employment Report at 8:30 AM EDT. Consensus for Non-farm Payrolls was a 144,000 increase versus a 142,000 in August. Actual was a 254,000 increase. Consensus for the September Unemployment Rate was unchanged from August...Read More