U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:30 AM EDT.The Canadian Dollar recovered 0.07 to US73.16 cents after the Canadian government rolled back its proposed digital service tax on U.S. media companies.Nvidia added $1.00 to an all-time high at $158.75 returning to become the highest valued stock in the world. Walt Disney gained $2.25 to $124.59...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDT.S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EDT. Consensus for May Core PCE Price Index was a 0.1% gain versus a 0.1% gain in April. Actual was a 0.2% gain. On a year-over-year basis, consensus was a 2.6% gain. Actual was a 2.7% gain. Consensus for May Per...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EDT.S&P 500 futures drop 5 points following release of economic news at 8:30 AM EDT. Consensus for May U.S. Durable Goods Orders was a 7.5% increase versus a 6.3% increase in April (boosted by aircraft sales). Actual was a 16.4% increase. Consensus for updated U.S. first quarter annualized real...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.FedEx dropped $4.51 to $224.51 after issuing fiscal first quarter guidance below consensusBlackberry advanced $0.39 to US$4.72 after reporting higher than consensus quarterly results. The company also offered positive guidance. Microsoft gained $1.24 to $491.35 after Wells Fargo hiked its target...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 43 points at 8:35 AM EDT.The Canadian Dollar was unchanged at US72.89 cents following release of Canada's May Consumer Price Index at 8:30 AM EDT. Consensus was a 0.5% increase versus a 0.1% decrease in April. Actual was a 0.6% increase. On a year-over-year basis consensus was a 1.7% increase. Actual was a 1.7% increas...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:30 AM EDT.Crude oil advanced $0.79 to $74.63 per barrel following escalation of the Israel/Iran conflict following the U.S. "bunker bomb" attack over the weekend. Northern Trust added $6.21 to $118.06 on rumors that Bank of New York Mellon is planning a takeover offer. Estee Lauder added $1.51 to $75.19...Read More
Pre-opening Comments for Friday June 20thU.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:35 AM EDT.Volume on U.S. exchanges today is expected to be higher than average. Today is Quadruple Day for the last trade day for listed June equity and index options and futures S&P 500 futures added 8 points following release of the June Philly Fed Manufact...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:35 AM EDT.S&P 500 futures were unchanged following release of U.S. May Housing Starts at 8:30 AM EDT. Consensus calls for a drop to 1.350 million units from 1.361 million units in April. Actual was a drop to 1.256 million unitsThe Federal Reserve's decision on the Fed Fund Rate is released at 2:00 PM...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:35 AM EDT.S&P 500 futures slipped 2 points following release of May U.S. Retail Sales at 8:30 AM EDT. Consensus was a 0.6% drop versus a 0.1% gain in April. Actual was a 0.9% drop. Excluding auto sales, consensus for May Retail Sales was a 0.2% increase versus a 0.1% increase in April. Actual was a...Read More
Volatility spiked in U.S. equity markets on Friday mainly due to the increasing military conflict between Israel and Iran. The VIX Index moved above 20%.Weakness in the U.S. Dollar to a three year low also contributed to U.S. stock market weakness. Investment dollars are moving away from the U.S. Economic focus this week is on the Federal Reserve decision on interest rates on Wednesday. Consensus...Read More
U.S. equity index futures were sharply lower this morning. S&P 500 futures plunged 52 points at 8:30 AM EDT. Futures responded to Israel's attack on Iran's military and nuclear facilities and to Iran's drone counterattack.WTI Crude Oil advanced $5.51 to $73.55 per barrel on news of growing Middle East conflict.Gold advanced $36.60 to $3,418.87per ounce on news of growing Middle East conflict....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 8:35 AM EDT.S&P 500 futures recovered 8 points following release of the May U.S. Producer Price Index at 8:30 AM EDT. Consensus was a 0.2% increase versus a 0.5% drop in April. Actual was a 0.1% gain. On a year-over-year basis, May PPI was expected to increase 2.6% versus 2.4% in April. Actual was a 2...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 21 points at 8:35 AM EDT.U.S. and Chinese negotiators have agreed to a trade framework to implement agreements (subject to approval by President Trump and Chairman Xi Jinping).S&P 500 futures gained 30 points following release of the May U.S. Consumer Price Index at 8:30 AM EDT. Consensus was a 0.2% increase versu...Read More
U.S. equity index futures were this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.Taiwan Semiconductors advanced $3.51 to $210.51 after reporting a 40% increase in May sales.Cracker Barrel dropped $3.74 to $57.00 after announcing a plan to issue a $275 million convertible note.Casey's General Store advanced $37.46 to $476.75 after releasing higher than consensus fiscal fourth quarte...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT.Apple added $0.75 to $204.67 prior to launch of its annual World Wide Development Conference.Robinhood Markets dropped $3.13 to $70.75 after the stock was not selected as expected to join the S&P 500 IndexApplovin dropped $17.92 to $399.97 after the stock was not selected as expected to joi...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 45 points at 8:35 AM EDT.S&P 500 futures added 18 points following release of the U.S. May Employment Report. Consensus for May Non-farm Payrolls was a drop to 125,000 from revised 147,000 in April. Actual was 139,000. Consensus for the May Unemployment Rate was unchanged from April at 4.2%. Actual was. unchanged....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 45 points at 8:35 AM EDT.S&P 500 futures added 18 points following release of the U.S. May Employment Report. Consensus for May Non-farm Payrolls was a drop to 125,000 from revised 147,000 in April. Actual was 139,000. Consensus for the May Unemployment Rate was unchanged from April at 4.2%. Actual was. unchanged....Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT.European Central Bank lowered its overnight lending rate by 0.25% to 2.00%.S&P 500 futures dropped 2 points following release of economic news at 8:30 AM EDT. Consensus for April Trade was a $66.3 billion deficit versus a $140.50 billion deficit in March. Actual was a $61.6 billion deficit. Con...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT.OECD lowered its economic growth projection for the United States. Annual growth rate for 2025 was reduced to 1.6% from 2.2% in 2025 and to 1.5% from 1.6% to 1.5% in 2026.Dollar General advanced $8.12 to $105.29 after reporting higher than consensus first quarter results. The company also raise...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EDT.WTI Crude Oil advanced $2.55 to $63.34 per barrel despite OPEC+ reached an agreement to increase crude oil production by 411,000 barrels per day in July.Actuate Therapeutics added $1.73 to $13.63 after reporting positive results for a phase 2 pancreatic cancer treatment Cleveland-Cliffs advanc...Read More