U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT. The Canadian Dollar added $0.06 to US74.22 cents after release of Canada's March Employment report at 8:30 AM EDT. Consensus for job creation was 7,000 positions. Actual was an increase to 34,700. Consensus for the Unemployment Rate was an increase to 5.1% from 5.0% in February. Actual was unchang...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT.Johnson & Johnson added $4.75 to $165.25 after announcing an $8.9 billion settlement on talc claims.UnitedHealth Group gained $4.55 to $497.80 after Raymond James upgraded the stock from Outperform to Strong Buy.Cigna advanced $2.46 to $259.00 after Raymond James upgraded the stock from Out...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EDT.Oneok added $0.55 to $65.61 after Citigroup upgraded the stock from Neutral to Buy.ServiceNow added $$12.52 to $477.01 after Baird upgraded the stock from Neutral to Outperform.Charter Communications dropped $3.24 to $352.97 after KeyBanc downgraded the stock from Overweight to Sector Weight.Co...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDT.McDonalds slipped $0.09 to $279.52 after announcing plans this week to reduce corporate staff. Crude oil jumped $4.54 to $80.21 per barrel after OPEC + announced a reduction in production by 1.16 million barrels per day. Energy equity prices are expected to respond accordingly at the open.Over...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in at 8:40 AM EDT.. U.S. equity index futures moved higher following release of economic news at 8:30 AM EDT:U.S. February Core PCE Price Index was expected to increase 0.4% versus a gain of 0.6% in January. Actual was an increase of 0.3%. On a year-over-year basis, February Core PCE Price Index is expected t...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:35 AM EDT.Index futures were virtually unchanged following release of the updated estimate for fourth quarter annualized U.S. GDP growth at 8:30 AM EDT. Consensus was unchanged at 2.7%. Actual was 2.6%.Apple added $0.70 to $161.47 after announcing date of its next World Wide Development Conference set fo...Read More
U.S. equity index futures moved higher in overnight trade. S&P 500 futures were up 32 points at 8:30 AM EDT.The Canadian Dollar was virtually unchanged at US73.51 cents following release of the Canadian budget at 4:00 PM EDT yesterday.Micron added $1.25 to $60.53 after JP Morgan raised its target price from $65 to $75. Lulu lemon advanced $40.04 to $360.35 after reporting higher than consensus...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT. Occidental Petroleum added $0.80 to $60.45 after Berkshire Hathaway confirmed an increased ownership to 23.5% of outstanding shares. Wallgreens Boots gained $0.85 to$33.79 after reporting higher than consensus fiscal second quarter revenues and earnings.Ciena advanced $1.57 to $50.18 after Ray...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:30 AM EDT. Index futures responded to news that First Citizens Bank has acquired a major part of the assets of failed Silicon Valley Bank.Novartis advanced $5.60 to $89.19 after announcing positive results from a breast cancer drug trialCaterpillar dropped $2.86 to $214.15 after Baird downgraded the stoc...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 34 points at 8:35 AM EDTIndex futures dropped sharply in overnight trade on concerns that Deutsche Bank was experiencing financial distress. Deutsche Bank dropped $1.20 to $8.14 in overnight trade.Index futures were virtually unchanged following release of the February Durable Goods Order report at 8:30 AM EDT. Consen...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:30 AM EDT.KB Homes advanced $1.00 to $37.80 after reporting higher than consensus fiscal first quarter revenues and earnings. Steelcase added $0.42 to $7.60 after reporting higher than consensus quarterly earnings. The company also offered positive guidance. Darden Restaurants gained $2.05 to $153.10 aft...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT.Focus today is on the FOMC announcement on monetary policy released at 2:00 PM EDT. Consensus is calling for another 0.25% increase in the Fed Fund Rate for a target range of 4.75%-5.00%. Federal Reserve Chairman Powell will offer additional guidance at a press conference at 3:00 PM EDT.Nike dr...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:30 AM EDT.Economic news released at 8:30 AM EDT could influence opening equity prices in Canada:February Canadian Consumer Price Index was expected to increase 0.7% versus a gain of 0.5% in January. Actual was an increase of 0.4%. On a year-over-year basis, February CPI was expected to increase 5.4% vers...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:30 AM EDT. Concerns about Credit Suisse' viability was relieved after UBS acquired the company for $3.2 billionCF Industries slipped $0.43 to $70.50 after announcing acquisition of an ammonia plant in Louisiana for $1.675 billion.Foot Locker added $0.03 to $42.29 after reporting higher than consensus fourth...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 8:30 AM EDT. FedEx advanced $23.55 to $227.60 after reporting higher than consensus fiscal third quarter earnings. The company also raised guidance for the fourth quarter. Groupon dropped $0.32 to $4.58 after reporting lower than consensus fourth quarter revenues and a larger than consensus fourth quarter...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 March Philly Fed Index and February Housing Starts at 8:30 AM EDT. Consensus for the Philly Fed Index was -7.50 versus -5.80 in February. Actual was -23.2. Consensus for February Housing Starts was 1.430 million units. Actual wa...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points in pre-opening trade. Index futures moved lower following release of the February inflation report at 8:30 AM EDT. February Consumer Price Index was expected to increase 0.4% versus a gain of 0.5% in January. Actual was an increase of 0.4%. On a year-over-year basis, February CPI was expected to increase 6.0%...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 75 points in pre-opening trade. Index futures turned lower in overnight trade on news of liquidity concerns at Credit Suisse. Credit Suisse dropped $0.41 to $1.81. Index futures moved slightly lower following release of a series of U.S. economic news at 8:30 AM EDT:February Producer Price Index was expected to increas...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade.Index futures weakened despite regulatory authorities taking control of Silicon Valley Bank after the bank experienced a run on its assets. First Republic Bank plunged $49.26 to $32.50 on solvency concerns. Seagen advanced $31.79 to $204.40 after Pfizer offered to acquire the company at...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were added 12 points in pre-opening trade. Index futures rallied following release of the U.S. February Employment Report at 8:30 AM EST. Non-farm Payrolls were expected to increase 205,000 versus a gain of 517,000 in January. Actual was an increase of 311,000. February Unemployment Rate was expected to remain at 3.4% set in J...Read More