U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:35 AM EST.Index futures dropped 13 points following release of the U.S. December employment report at 8:30 AM EST. December Non-farm Payrolls were expected to drop to 158,000 from a revised 173,000 in November. Actual was an increase to 216,000. December Unemployment Rate was expected to increase to 3.8...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM ESTCal-Maine Foods dropped $3.66 to 51.29 after reporting lower second quarter resultsAbbVie dropped $2.31 to $158.31 after CVS Health announced that it will substitute AbbVie's drug, Humira with comparable drugs.Apple slipped $1.31 to $182.94 after Piper Sandler lowered its target price from $220 t...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points at 8:30 AM EST.Exxon Mobil slipped $0.48 to $101.88 after Mizuho downgraded the stock from Buy to Neutral.Occidental Petroleum dropped $0.35 to $59.70 after Mizuho downgraded the stock from Buy to Neutral.Prudential Financial dropped $0.81 to $103.76 after JP Morgan downgraded the stock from Overweight to Ne...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 40 points at 8:30 AM EST.Apple dropped $3.28 to $189.25 after Barclay's downgraded the stock to from Equal Weight to Under Weight. Target was reduced to $160.Inspire Medical dropped $2.48 to $200.95 after Stifel Nicloaus downgraded the stock from Buy to Hold.Helmrich & Payne slipped $0.22 to $36.23 after Seaport R...Read More
Next report is to be released on Tuesday, January 2nd. Monday is a holiday in most equity markets. HAPPY NEW YEAR!More from the network: Stock Market Outlook for December 4, 2023Stock Market Outlook for December 1, 2023Stock Market Outlook for November 30, 2023Stock Market Outlook for November 29, 2023Stock Market Outlook for November 28, 2023Read More
U.S. equity index futures were mixed this morning. S&P 500 futures unchanged at 8:30 AM EST.UnitedHealth Group added $3.10 to 528.00 after booking a $7 billion charge following a deal to sell its Brazil operations. Jabil slipped $0.58 to $127.40 after lowering its fiscal second quarter outlook.Expedia added $0.90 to $154.18 after Ascendiant Capital raised its target price from $133 to $168....Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:30 AM EST.Microsoft added $0.76 to $374.83 after Wedbush raised its target from $425 to $450.Livent gained $0.21 to $18.11 after Mizuho raised its target price from $15 to $20.SQM advanced $3.08 to $64.05 after the company arranged a partnership to develop lithium in Chile.Netflix added $2.08 to $493.97 aft...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:35 AM EST.Index futures were unchanged following release of economic data at 8:30 AM EST:November Durable Goods Orders were expected to increase 1.7% versus a decline of 5.4% in October. Actual was an increase of 5.4%.November Core PCE Price Index was expected to increase 0.2% versus a gain of 0.2% in Oct...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 34 points at 8:35 AM EST.S&P 500 Index futures added 10 points following release of economic news at 8:30 AM EST. Consensus for the updated annualized U.S. third quarter real GDP was unchanged at 5.2%.Actual was a slip to 4.9%. Consensus for the December Philly Fed Index was -3.0 versus -5.9 in November. Actual was...Read More
U.S. equity index futures were lower this morning. S&P 500 futures dropped 8 points at 8:30 AM EST.FedEx dropped $22.82 to $257.18 after reporting less than consensus second quarter results.Steelcase dropped $1.32 to $11.38 after the company offered lower than consensus fourth quarter revenue guidance.General Mills dropped $1.75 to $64.96 after the company lowered sales guidance. Lowe's droppe...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 4,803 at 8:35 AM EST.Index futures were unchanged following release of the U.S. November New Home Starts report at 8:30 AM EST. Consensus was a drop to 1.360 million units from 1.472 million units in October. Actual was an increase to 1.56 million units.The Canadian Dollar added 0.13 to US74.90 cents follo...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EST. U.S. Steel advanced $11.22 to $50.55 after Nippon Steel offered to buy the company for $ 55.00 per share. Value of the cash offer is estimated at $14.1 billion.VF Corp dropped $1.15 to $18.76 after disclosing that the company is the victim of a cyberattackMasonite dropped $2.00 to $100.00 afte...Read More
Equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:35 AM ESTIndex futures dropped 6 points following release of the December Empire State Manufacturing Survey at 8:30 AM EST. Consensus was a drop to +4.0 from +9.1 in November. Actual was a drop to -14.5.Today is "Triple Witching Day', the last trade day in December for listed index and equity options and futur...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EST.Index futures were unchanged following release of November Retail Sales at 8:30 AM EST. Consensus called for a decline of 0.1% versus a decline of 0.1% in October. Actual was an increase of 0.3%. Excluding auto sales, consensus called for a decline of 0.1% versus a gain of 0.1% in October. Actu...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:35 AM EST.Index futures were unchanged following release of the November Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.1% versus a decline of 0.5% in October. Actual was unchanged. On a year-over-year basis, consensus was an increase of 1.0% versus a gain of 1.3% in October. Actual w...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:35 AM ESTU.S. equity index futures added were unchanged following release of the November Consumer Price Index at 8:30 AM EST. Consensus was unchanged versus unchanged in October. Actual was an increase of 0.1%. On a year-over-year basis, consensus was an increase of 3.1% versus a gain of 3.2% in October....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EST.Macy's jumped $3.01 to $20.40 after Arkhouse Management and Brigade Capital Management offered to acquire the company for $21 per share.Cigna advanced $34.75 to $293.55 after the company raised its stock buyback program by $10 billion.Palo Alto added $0.82 to $299.24 after JP Morgan raised its...Read More
Equity index futures were lower this morning. S&P 500 futures were down 20 points at 8:35 AM ESTIndex futures dropped 12 points following release of the November Employment report at 8:30 AM EST. Consensus for November Non-farm Payrolls was an increase to 180,000 from 150,000 in October. Actual was 199,000. Consensus for the November Unemployment Rate was unchanged at 3.9% from October. Actual...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 8:30 AM EST.GameStop dropped $0.41 to $14.43 after reporting less than consensus third quarter revenues. Chewy fell $1.76 to $17.59 after reporting a third quarter loss. Braze advanced $6.88 to $63.00 after reporting higher than consensus third quarter revenues. Cerevel Theropeutics jumped $5.76 to $42.69 a...Read More