U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:35 AM EST.Index futures advanced 14 points following release of the February Non-farm Payrolls at 8:30 AM EST. Consensus was a drop to 198,000 from a downwardly revised 229,000 in January. Actual was 275,000 Consensus for the February Unemployment Rate was unchanged from January at 3.7%. Actual was an inc...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points at 8:30 AM EST.European Central Bank announced at 8:15 AM EST an extension of its lending rate to major banks at 4.50%.Victoria's Secret dropped $4.42 to $21.20 after forecasting fiscal first quarter revenues below consensus.Big Lots dropped $0.34 to $4.69 after reporting a widening fourth quarter loss.Ciena...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 27 points at 8:30 AM EST.Bank of Canada's statement on the Bank Rate offered to major Canadian banks is released at 9:45 AM EST. Press conference is offered at 10:30 AM EST. No change in the lending rate at 5.00% for major Canadian banks is expected.Federal Reserve Chairman Powell testifies before Congress at 10:00 AM...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points at 8:30 AM EST. Target gained $12.81 to $163.30 after reporting higher than consensus fourth quarter profits. The company also raised guidance. Apple dropped $3.45 to $171.65 after reporting a 24% decrease in iPhone sales in China during the past six months. Paymentus Holdings gained $3.75 to $20.10 after...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:30 AM EST.Apple dropped $1.46 to $178.20 after European regulators issued a 1.8 Euro fine related to its Apple Music service. Apple plans to appeal.Decker gained $42.70 to $945.99 on news that the stock will join the S&P 500 Index on March 18thWhirlpool dropped $1.67 to $105.14 on news that the stoc...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM ESTWTI Crude oil added $1.33 to a three month high at U.S. 79.58 per barrel.Dell Technologies advanced $12.34 after reporting higher than consensus fourth quarter results. The company also raised its dividend.Autodesk gained $14.83 to $273.00 after reporting higher than consensus fourth quarter results...Read More
U.S. equity index futures were higher this morning. S&P 500 futures added 5 points at 8:35 AM EST.U.S. equity index futures recovered 22 points following release of January Core PCE Price Index at 8:30 AM EST. Consensus was an increase of 0.4% versus a gain of 0.2% in December. Actual was an increase of 0.4%. On a year-over-year basis consensus was an increase of 2.8% versus a gain of 2.9% in...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:35 AM ESTS&P 500 futures recovered 4 points following release of revised annualized U.S. fourth quarter 2023 GDP at 8:30 AM EST. Consensus was growth at 3.3% annual rate versus a gain of 4.9% in the third quarter. Actual was growth at a 3.2% rate.Agilent added $7.45 to $140.00 after reporting higher...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 the U.S. January Durable Goods Orders report at 8:30 AM EST. Consensus was a drop of 5.0% versus a downwardly revised -0.3% in December. Actual was a drop of 6.1%. Excluding transportation orders, consensus was an increase of 0.2% versus a gain o...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EST.Domino's Pizza added $26.35 to $460.00 after reporting higher than consensus fourth quarter earnings. Berkshire Hathaway gained $10.88 to $428.10 after reporting higher than consensus fourth quarter earnings. Amazon.com added $0.62 to $175.61 when the stock was added to the Dow Jones Industrial Ave...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EST.Intuit dropped $8.92 to $649.00 after offering guidance below consensus.Booking Holdings dropped $163.36 to $3738.63 after reporting less than consensus fourth quarter earnings.Block gained $7.36 to $75.32 after reporting a surprise fourth quarter profit.Carvana advanced $11.60 to $63.60 after o...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 64 points at 8:35 AM EST.The Canadian Dollar was unchanged at US74.11 cents following release of Canada's December Retail Sales report at 8:30 AM EST. Consensus was an increase of 0.8% versus a decline of 0.2% in November. Actual was an increase of 0.9%. Excluding auto sales, consensus was an increase of 0.7% versus un...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points at 8:30 AM ESTEconomic focus today is on FOMC Meeting Minutes released at 2:00 PM EST.Changes in Dow Jones Averages effective February 26th: Walgreen Boots is replaced by Amazon.com in the Industrial Average. JetBlue is replaced by Uber in the Transportation Average.Palo Alto dropped $47.29 to $319.00 after...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points at 8:35 AM EST.The Canadian Dollar dropped 0.20 to US74.00 cents following release of Canada's January Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.4% versus a decline of 0.3% in December. Actual was unchanged. On a year-over-year basis, consensus was an increase of 3.2% versus a gain...Read More
U.S. equity index futures were lower this morning. S&P 500 futures dropped 9 points at 8:35 AM ESTS&P 500 Index futures dropped 15 points following release of the January U.S. Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.1% versus a decline of 0.1% in December. Actual was an increase of 0.3%. On a year-over-year basis January PPI was expected to increase 0.6% versus...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EST.S&P 500 futures added 5 points following release of economic news at 8:30 AM EST. Consensus for January retail Sales was a drop of 0.3%. Actual was a drop of 0.8%. Consensus for January U.S. retail sales ex auto sales was a drop of 0.2% versus a gain of 0.4% in December. Actual was a drop of...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points at 8:30 AM EST.Zillow Group added $1.34 to $53.40 after reporting higher than consensus fourth quarter earnings.Robin Hood advanced $1.81 to $13.65 after reporting higher than consensus fourth quarter revenues. Lyft gained $2.07 to $14.20 after offering positive guidance. Akamai dropped $5.95 to $119.10 after...Read More
Equity index futures were lower this morning. S&P 500 futures were down 54 points at 8:35 AM EST.Index futures dropped an additional 32 points following release of the January U.S. Consumer Price Index at 8:30 AM EST. Consensus was an increase 0.2% versus a gain of 0.2% in December. Actual was an increase of 0.3%. On a year-over-year basis consensus was an increase of 3.0% versus a gain of 3.3...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 1 point at 8:30 AM EST.Diamondback Energy gained $1.24 to $152.98 after announcing a merger with Endeavor Energy Resources in a deal valued at $26 billion. Endeavour shareholder will receive $8 billion cash and 117.3 million shares of Diamondback. Diamondback also increased its dividend by 7%.XPO Logistics dropped $2....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points at 8:35 AM EST.The Canadian Dollar added 0.10 to US74.45 following release of Canada's January Employment Report at 8:30 AM EST. Consensus for employment was an increase of 15,000 versus a gain of 100 in November. Actual was 37,300. Consensus for the December Unemployment Rate was unchanged from November at 5...Read More