Equity Index futures were lower this morning. S&P 500 futures were down 30 points in pre-opening trade.Index futures were virtually unchanged following release of the August U.S. Housing Starts report at 8:30 AM EDT. Consensus was a slip to 1.440 million units from 1.446 million units in July. Actual was an increase to 1.575 million units.The Canadian Dollar slipped 0.13 to US75.11 cents follo...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 33 points in pre-opening trade. AutoZone added $1.36 to $2,167.01 after reporting higher than consensus fiscal fourth quarter revenues and earnings. Netflix gained $3.82 to $243.95 after Oppenheimer upgraded the stock to Buy.Take Two Interactive dropped $7.14 to $117.05 after the company reported a hack of Grand Theft...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 41 points in pre-opening trade. Volatility and volume on U.S. equity markets are expected to be higher than average. Today is the last trade day for September index and equity options and futures. FedEx plunged $30.86 to $174.01 after lowering fiscal first quarter guidance. Texas Instruments gained $$0.90 to 163.57 af...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 7:30 AM EDT.A tentative labour agreement between railway companies and their unions was reached this morning.A series of U.S. economic news is scheduled to be released before the opening todayAugust Retail Sales released at 8:30 AM EDT are expected to increase 0.5% versus a gain of 0.8% in July. Excluding aut...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Index futures were virtually unchanged following release of the U.S. August Producer Price Index at 8:30 AM EDT. Consensus was a decrease of 0.1% versus a decline of 0.5% in July. Actual was a decrease of 0.1%. On a year-over-year basis, consensus for August PPI was an increase of 8.9% ver...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 54 points in pre-opening trade.Index futures moved sharply lower following release of the U.S. August Consumer Price Index at 8:30 AM EDT. Consensus was a slip of 0.1% versus unchanged in July. Actual was an increase of 0.1%. On a year-over-year basis, August CPI was expected to increase 8.1% versus a gain of 8.5% in...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. General Electric added $0.26 to $74.30 after announcing plans to spin off its healthcare division in January.Bristol Myers Squibb gained $4.62 to $74.78 after the FDA approved Sotyktu, a drug for psoriasis. PayPal added $1.18 to $97.41 after Deutsche Bank raised its target price from $11...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 30 points in pre-opening trade.The Canadian Dollar dropped 0.15 to US76.70 cents following release of Canada's August Employment report at 8:30 AM EDT. Consensus was an increase of 15,000 jobs versus a decline of 30,600 in July. Actual was a drop of 39,700. Consensus for the August Unemployment Rate was an increase to...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Equity index futures were unchanged after the European Central Bank raised its lending rate to major banks by 0.75% to 1.25%.Game Stop advanced $2.51 to $25.55 after reporting a smaller than expected quarterly loss. Wedbush lowered its target price from $7.50 to $6.00.American Eagle Outfitter...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade.Index futures were virtually unchanged following release of the July U.S. Trade Report at 8:30 AM EDT. Consensus was a deficit of $70.5 billion versus a deficit of $79.60 billion in June. Actual was a deficit of $70.6 billion.The Canadian Dollar was virtually unchanged at U.S.75.82 cents...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points in pre-opening trade.Bed Bath & Beyond dropped $1.21 to $7.42 on news that the company's Chief Financial Officer died by suicide.Discover Financial slipped $0.28 to $99.25 after JP Morgan downgraded the stock from Overweight to Neutral.FedEx dropped $3.32 to $205.40 after Citigroup downgraded the stock fr...Read More
(Updates prices) By Pratima Desai LONDON, Sept 5 (Reuters) - Copper prices steadied on Mondayas worries about demand in top consumer China were offset by theprospect of U.S. interest rates peaking at a lower level thanpreviously expected. Benchmark copper on the London Metal Exchange (LME)was up 0.2% at $7,651 a tonne at 1614 GMT. China's weak property and industrial sectors, accounting fora large...Read More
We will return tomorrow with all the news in the market. See you then!More from the network: Stock Market Outlook for September 19, 2022Stock Market Outlook for September 16, 2022Stock Market Outlook for September 15, 2022Stock Market Outlook for September 14, 2022Stock Market Outlook for September 13, 2022Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. U.S. equity index futures moved higher following release of the August Employment Report at 8:30 AM EDT. Consensus for August non-farm Payrolls was a drop to 318,000 from revised 526,000 in July. Actual was 315,000. Consensus for August Unemployment Rate was unchanged from July at 3.5%....Read More
* Tin tumbles to weakest level in 19 months * GRAPHIC-2022 asset returns: (Updates prices) By Eric Onstad LONDON, Sept 1 (Reuters) - Aluminium prices stumbled totheir lowest in 16 months on Thursday while other based metalsalso slid on renewed worries about weak demand after downbeateconomic data in top metals consumer China amid fresh COVID-19lockdowns. Benchmark aluminium on the London Metal Exc...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade. Costco added $1.70 to $523.80 after its August sales rose 11%Walt Disney advanced $1.80 to 113.88 on news that the company is exploring an approach to membership similar to Amazon's Prime modelOkta dropped $7.08 to $84.35 after releasing second quarter results. Mizuho lowered its target...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. The Canadian Dollar slipped 0.08 to US76.16 cents following release of Canada's second quarter real GDP. Consensus was growth at a 4.5% versus a gain of 3.1% in the first quarter. Actual was a gain of 3.3%HP Inc dropped $1.15 to $29.95 after reporting less than consensus quarterly...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. Best Buy added $1.99 to $75.69 after reporting higher than consensus second quarter earnings.Twitter slipped $0.37 to $39.67 after Elon Musk issued a letter to terminate his takeover offer.Big Lots added $0.49 to $22.04 after reporting higher than consensus second quarter earnings.Bank o...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 32 points in pre-opening trade.Dollar Tree dropped $1.36 to $137.34 after Deutsche Bank lowered its target price from $185 to $163.Toll Brothers fell $0.62 to $45.65 after Raymond James reduced its target price from $75 to $56.Dow Inc. fell $1.31 to $53.15 after KeyBanc Capital downgraded the stock from Sector Perform...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade.Index futures were virtually unchanged following release of core July PCE Price Index at 8:30 AM EDT. Consensus on a year-over-year basis was unchanged at 4.8%. Actual was 4.6%.Investors are waiting for a speech from Fed Chairman Powell at 10:00 AM EDT Workday advanced $19.39 to $181.75 a...Read More