U.S. equity index futures were lower this morning. S&P 500 futures were down 15 points in pre-opening trade. Index futures eased 3 points following release of revised third quarter U.S. Non-farm Productivity at 8:30 AM EST. Consensus was an increase of 0.7% versus a gain of 0.3% in the second quarter. Actual was an increase of 0.8%.Bank of Canada's interest rate to Canada's major banks to be r...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Index futures were virtually unchanged following release of the U.S October Trade Report at 8:30 AM EST. Consensus was a deficit of $79.90 billion versus a deficit of $73.30 billion in September. Actual was a deficit of $78.2 billion.The Canadian Dollar was virtually unchanged at U.S.73.41 c...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 21 points in pre-opening trade.Broadcom slipped $0.80 to $540.00 after Susquehanna lowered its target price from $680 to $650.Lululemon added $0.03 to $386.02 after Stifel Nicolaus raised its target price from $400 to $450. Tractor Supply (TSCO $224.94) is expected to open higher after Wells Fargo raised its target pr...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 60 points in pre-opening trade.Index future moved strongly lower following release of the U.S. November Employment Report at 8:30 AM EST. Consensus for Non-farm Payrolls was an increase of 200,000 versus a gain of 261,000 in October. Actual was an increase of 263,000. Consensus for the November Unemployment Rate was 3...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 7:30 AM EST.October core PCE Price Index released at 8:30 AM EST is expected to increase 0.3% versus a gain of 0.5% in September. On a year-over-year basis, October core PCE Price Index is expected to increase 5.0 versus a gain of 5.1% in September. Snowflake $SNOW dropped $7.30 to $135.60 after the company of...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.Investors are focusing on a speech by Federal Reserve Chairman Powell scheduled at 1:30 PM ESTIndex futures dropped 5 points following release of revised real third quarter GDP at 8:30 AM EST showing growth at 2.9% versus previous growth at 2.6%.NetApp $NTAP dropped $7.79 to $64.00 after t...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.The Canadian Dollar slipped 0.15 to US73.92 cents following release of Canada's September real GDP report at 8:30 AM EST. Consensus for the third quarter was an annualized gain of 1.5% versus a gain of 3.3% in the second quarter. Actual was a gain of 2.9%.Bank of Nova Scotia (BNS.TO $71.46...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 31 points in pre-opening trade.Index futures responded to civil unrest in China due to increased COVID 19 restrictions. The Shanghai Composite Index dropped 23.14 to 3078.55. In response, Crude oil dropped $2.40 to $73.86 per barrel.Apple $APPL dropped $2.75 to $145.36 after lowering iPhones production expectations fr...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. U.S. equity markets close today at 1:00 PM EST.Peoples Bank of China has lowered its lending rate to major Chinese banks by 0.25%.Activision Blizzard dropped $2.59 to $74.00 on reports that the Federal Trade Commission may launch an anti-trust lawsuit against Microsoft's propose acquisiti...Read More
With U.S. equity markets on holidays today, no pre-opening comments are offered. Responses to FOMC Meeting Minutes Minutes were released at 2:00 PM EST yesterdayU.S. equity indices moved higher after 2:00 PM ESTU.S. Dollar and related ETN: UUP moved lower after 2:00 PM ESTLong term U.S. Treasury bond yields moved lower. Long term U.S. Treasury bond prices moved higher after 2:00 PM ESTGold p...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.Index futures were virtually unchanged following release of October Durable Goods Orders at 8:30 AM EST. Consensus was an increase of 0.5% versus a gain of 0.4% in September. Actual was an increase of 1.0%. Excluding transportation orders, consensus was an increase of 0.1% versus unchanged...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. The Canadian Dollar was virtually unchanged at US74.60 cents following release of Canada's September Retail Sales report at 8:30 AM EST. Consensus was an decrease of 0.5% versus a gain of 0.7% in September. Actual was a decrease of 0.5%. Dell Computer $DELL advanced $1.83 to $42.90 after...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.Walt Disney advanced $8.19 to $99.99 after Bob Iger was renamed Chief Executive Offices effective immediately. JM Smucker gained $1.60 to $146.14 after reporting higher than consensus fiscal third quarter revenues and earnings. The company also raised guidance for the current fiscal year...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 33 points in pre-opening trade.Today is the last trade date for November index and stock options and futures. Volume is expected to be higher than average. Gap Stores $GPS advanced $1.20 to $13.91 after reporting higher than consensus fiscal third quarter revenues. Palo Alto Networks $PANW jumped $8.88 to $165.44 after...Read More
(Corrects paragraph 4 to say Rio Tinto raised its offer twiceto C$43, not thrice to C$45. The error also appeared in the previous update of the story) By Melanie Burton MELBOURNE, Nov 18 (Reuters) - Rio Tinto Ltd said on Friday it would plough ahead with a $3.3 billion bid tobuy the 49% of Canada's Turquoise Hill Resources thatit does not already own, after it ended separate talks withdissenting...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 7:30 AM EST.U.S. equity index futures were waiting for economic news at 8:30 AM EST. October U.S. Housing Starts are expected to slip to 1.410 million units from 1.439 million units in September. November Philly Fed Index is expected to improve to -8.2 from -8.7 in October. Nvidia gained $2.10 to $161.20...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.Index futures improved slightly following release of the October U.S. Retail Sales report at 8:30 AM EST. Consensus was an increase of 0.8%. Actual was an increase of 1.3%. Excluding auto sales, October Retail Sales was expected to increase 0.4% versus a gain of 0.1% in September. Actual...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 77 points in pre-opening trade.Equity index futures moved higher following release of economic news at 8:30 AM EST. October Producer Price Index was expected to increase 0.4% versus a gain of 0.4% in September. Actual was an increase of 0.2% On a year-over-year basis October PPI was expected to increase 8.3% versus 8.5...Read More
(Updates prices, adds comment) By Pratima Desai LONDON, Nov 14 (Reuters) - Copper prices hit nearfive-month highs on Monday on optimism about demand in topconsumer China after officials moved to shore up the country'sproperty sector and ease its strict COVID restrictions. However, selling spurred by a firmer dollar, higherinventories and profit-taking saw copper prices later retreat. Benchmark co...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade.Bank of America dropped $0.38 to $38.03 after Citigroup downgraded the stock from Buy to Neutral.Biogen gained $16.32 to $305.77 on renewed hopes for approval of its Alzheimer treatment.Teva Pharmaceutical slipped $0.23 to 9.25 after JP Morgan downgraded the stock from Neutral to Underwe...Read More