U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:30 AM EST.CVS Health gained $1.92 to $70.40 after offering positive fourth quarter 2023 and 2024 guidance. The company also raised its quarterly dividend by 10%.JM Smucker added $3.37 to $115.80 after reporting higher than consensus third quarter earnings.Design Brands dropped $4.16 to $8.65 after repor...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM ESTU.S. equity index futures added 4 points following release of the U.S. Trade Deficit at 8:30 AM EST. Consensus was $64.10 billion, an increase from $61.50 billion in September. Actual was $64.3 billion.The Bank of Canada updates its overnight lending rate for major Canadian banks at 10:00 AM EST...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points at 8:30 AM EST.Alaska Airlines slipped $0.57 to $39.16 and Hawaiian Airlines jumped $8.85 to $13.71 after Alaska Airlines offered to purchase Hawaiian Airlines for $1.9 billion.Bitcoin jumped $2,140.42 to $41,547.22 in overnight trade.Spot gold briefly touched an all-time high at US$2,095.70 in overnight tra...Read More
U.S equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:35 AM EST.Canadian Dollar added 0.05 to US78.88 cents following release of Canada's November Employment Report. Consensus was an increase in employment of 14,000 versus a gain of 17,500 in October. Actual was an increase of 24,900. Consensus was an increase in the Unemployment Rate to 5.8% from 5.7% in Oc...Read More
U.S .index futures were higher this morning. S&P 500 futures added 14 points at 8:35 AM ESTIndex futures were unchanged following release of the October Core PCE Price Index at 8:30 AM EST. Consensus was an annual increase of 3.5% versus 3.7% in September. Actual was an increase of 3.5%Salesforce.com advanced $16.96 to $247.40 after reporting higher than consensus third quarter results.La Z Bo...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:35 AM EST.Index futures were unchanged following release of updated third quarter real GDP at 8:30 AM EST. Consensus was an annualized increase of 4.9%, unchanged from the previous estimate. Actual was an annualized increase of 5.2%.Intuit gained $1.93 to $567.00 after reporting higher than consensus fis...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EST.Scotia Bank dropped $1.25 to Cdn$59.00 after reporting less than consensus fiscal fourth quarter earnings. Boeing gained $4.25 to $223.55 after RBC upgraded the stock to Outperform.Canada Goose added $0.30 to $10.95 after acquiring a manufacturing facility in Romania. Carnival added $0.05 to $1...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT.U.S. retail stocks are expected to open higher following news that U.S. on-line shoppers spent a record $9.8 billion on Black Friday, up 7.5% from last year. Amazon added $0.95 to $147.69. Shopify gained US$2.45 to a 19 month high at US$72.80.GE Healthcare Technologies dropped $2.49 to $71.22 a...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EST.Today is Black Friday, the day historically when annual profits by U.S. retailers turn from "red "to "black".The Canadian Dollar added $0.14 to US73.15 following release of Canada's September Retail Sales. Consensus was unchanged versus a decline of 0.1% in August. Actual was an increase of 0.6%iRo...Read More
Today, U.S. equity markets are closed for the Thanksgiving holiday. Tomorrow U.S. equity markets close at 1:00 PM EST. Volume on U.S. and Canadian equity markets tomorrow are expected to be well below average. Technical NotesMarriott International $MAR a NASDAQ 100 stock moved above $209.92 to an all-time high extending an intermediate uptrend. Lam Research $LRCX a NASDAQ 100 stock moved abov...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 October Durable Goods Orders at 8:30 AM EST. Consensus was -3.0% versus +4.7% in September. Actual was -5.4%.The Canadian Dollar slipped 0.12 to US 72.87 cents following release of the Federal Government's economic update.Autodesk gained $5.44 t...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:35 AM EST.The Canadian Dollar was unchanged at US72.95 cents following release of Canada's October Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.1%. Actual was an increase of 0.1%. On a year-over year basis October CPI consensus was an increase 3.1% versus a gain of 3.8% in July. Ac...Read More
(New throughout, adds further details from union leader) By Marco Aquino LIMA, Nov 20 (Reuters) - Workers at the Chinese-ownedLas Bambas copper mine in Peru will kick off an "indefinite"strike beginning next week after the miner failed to deliverinformation on profit-sharing protocols, the union's leader saidon Monday. Erick Ramos, general secretary of the Las Bambas workersunion, told...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EST.Microsoft added $6.25 to $376.10 after hiring Sam Altman, former OpenAI chief executive officer. Boeing advanced $2.79 to $210.80 after Deutsche Bank upgraded the stock from Hold to Buy and raised its target price from $204 to $270.Franco-Nevada (FNV.TO Cdn$165.16) is expected to open lower aft...Read More
(Updates prices, adds China support for property sector) By Eric Onstad LONDON, Nov 17 (Reuters) - Copper prices edged up onFriday, boosted by a weak dollar, fresh support by China for itstroubled property sector and worries about a potentialtightening of supply from mines. Three-month copper on the London Metal Exchange(LME) was up 0.7% at $8,274 a metric ton at 1700 GMT afterretreating from a s...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:30 AM EST.Today is the last trade day for November listed options, futures and futures options. Index futures unchanged following release of the October U.S. Housing Starts report at 8:30 AM EST. Consensus was a slip to 1.345 million units from 1.358 million units in September. Actual was an increase to...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 1 point at 8:35 AM EST.S&P 500 futures improved 7 points following release of the November Philly Fed Index at 8:30 AM EST. Consensus was an increase to -8.0 from -9.0 in October. Actual was an increase to -5.9.Cisco dropped $6.00 to $47.28 after the company lowered guidance for its fiscal second quarter below con...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EST. S&P 500 futures slipped 5 points following release of economic news at 8:30 AM EST:U.S. October Producer Price Index was expected to increase 0.1% versus a gain of 0.5% in September. Actual was a decrease of 0.5%. Excluding food and energy, October PPI was expected to increase 0.2% versus...Read More
Index futures were higher this morning. S&P 500 futures were up 49 points at 8:35 AM EST.Index futures were sharply higher following release of the U.S. October Consumer Price Index at 8:30 AM EST. Consensus was an increase 0.1% versus a gain of 0.4% in September. Actual was unchanged. On a year-over-year basis consensus was an increase of 3.3%. Actual was an increase of 3.2%. Excluding food a...Read More
(Updates prices, adds weaker dollar) By Eric Onstad LONDON, Nov 13 (Reuters) - Copper prices rebounded onMonday as traders cancelled short positions in frustration, butgains were capped by uncertainty about economic growth and highinterest rates. Three-month copper on the London Metal Exchange hadgained 1.6% to $8,166 per metric ton by 1700 GMT, having shed1.4% and hit a two-week low on Friday.U....Read More