U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:35 AM EDT. Focus today is on Federal Reserve Chairman Powell's Congressional testimony on U.S. monetary policy starting at 10:00 AM EDT.The Canadian Dollar added $0.05 to US76.67 cents after release of Canada's April Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.4%. Actual was an increase...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:30 AM EDTTSX Capped REIT iShares moved below Cdn$16.20 yesterday extending an intermediate downtrend. Intel gained $0.18 to $36.55 after announcing a $33 billion plan to build two plants in Germany. PayPal added $1.07 to $67.50 after announcing plans to increase its share buyback program from $4 billion...Read More
Editor's Note: With U.S. equity markets closed on Monday for Juneteenth; Tech Talk next will appear on Tuesday June 20th. See you then! Pre-opening Comments for Friday June 16th U.S. equity index futures were higher this morning. S&P b500 futures were up 10 points at 8:30 AM EDT.Adobe advanced...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points at 8:35 AM EDT.Equity index futures were unchanged following release of economic news at 8:30 AM EDT. Consensus for May Retail Sales was a drop of 0.1% versus a gain of 0.4% in April. Actual was an increase of 0.3%. Excluding auto sales, consensus for May Retail Sales was an increase of 0.1% versus a gain of...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:35 AM EDT.Index futures were unchanged following release of the May U.S. Producer Price Index at 8:30 AM EDT. Consensus was a drop of 0.1% versus a gain of 0.2% in April. Actual was a drop of 0.3%. On a year-over-year basis May PPI was expected to increase 1.5% versus a gain of 2.3% in April. Actual was a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EDT. Index futures moved higher following release of the May U.S. Consumer Price Index at 8:30 AM EDT Consensus was an increase 0.1% versus a gain of 0.4% in April. Actual was an increase of 0.1%. On a year-over year basis, consensus was an increase of 4.0% versus a gain of 4.9% in April. Actual was...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT. Illumina dropped $2.19 to $200.53 after the company's Chief Executive Officer resigned.Chinook Therapeutics jumped $15.88 to $39.89 after Novartis agreed to purchase the company for $40 per share. Value of the offer is $3.5 billion.Carnival advanced $0.72 to $13.81 after JP Morgan upgraded the...Read More
(Updates throughout to add context about LME reforms and statusof nickel market) LONDON, June 9 (Reuters) - The London Metal Exchange(LME) said on Friday it had received the first application toapprove a new nickel brand for delivery against its nickelcontract since it cut the waiting time for listing to threemonths from six to nine months in March. The 146-year-old exchange has struggled to revi...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT.The Canadian Dollar dropped 0.13 to US74.88 cents following release of Canada's May Employment report at 8:30 AM EDT. Consensus called for a gain of 21,300 employees versus an increase of 41,400 in April. Actual was a drop of 17,300. Consensus called for an increase in the May Unemployment Rate to...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT.GameStop dropped $5.41 to $20.70 after the company's CEO was fired.Cardinal Health added $0.18to $83.45 after the company raised its share buyback program by $3.5 billion.Semtech advanced $5.23 to $27.66 after reporting a surprise first quarter profit. Carvana jumped $4.03 to $19.58 after offering...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:35 AM EDT. Index futures were virtually unchanged following release of the U.S. April Trade report at 8:30 AM EDT. Consensus was a deficit of $75.6 billion. Actual was a deficit of $74.6 billion.The Canadian Dollar added 0.04 to US74.65 cents following release of Canada's April Merchandise Trade Balance r...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT.Raytheon Technologies added $0.25 to $96.00 after winning a $2.02 billion contract from the U.S. Navy.Spotify gained $5.13 to $156.87 after announcing plans to cut costs by lowering employee count.Ciena added $1.12 to $49.25 after reporting higher than consensus fiscal second quarter revenues a...Read More
(Updates prices, adds trader comment in paragraph 2) By Pratima Desai LONDON, June 5 (Reuters) - Copper prices came underpressure on Monday from worries about demand, particularly intop consumer China, and a stronger dollar which makes metalspriced in the U.S. currency more expensive for holders ofothers. However, copper recovered after the New York open as thedollar retreated in afternoon trade...Read More
* Extended industrial demand slowdown could hurt silver-Heraeus * Global shares muted, oil gains on Saudi pledge to cutoutput * Platinum, palladium eke out gains (Updates prices) By Seher Dareen June 5 (Reuters) - Gold slipped on Monday as the dollarfirmed after strong U.S. payrolls data last week, offsettingsome of the support for zero-yield bullion from bets that theFederal Reserve may...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:30 AM EDT.Crude oil added $1.88 to US73.59 per barrel after Saudi Arabia announced reduction of its oil production by one million barrels per day.Circor International jumped $15.53 to $47.20 after the company agreed to be acquired by KKR for $49.00 per share. The cash transaction is valued at $1.6 billion...Read More
U.S. equity index futures were higher this morning following Senate approval last night on a new Debt Ceiling bill. S&P 500 futures were up 22 points at 8:35 AM EDT.S&P 500 futures added 3 points following release of the May Non-farm Payrolls report at 8:30 AM EDT. Consensus was a drop to 195,000 from 253,000 in April. Actual was an increase to 339,000. Consensus for May Unemployment Rate...Read More
S&P 500 futures were higher this morning following passage of the Debt Ceiling bill by the House of Representatives. S&P 500 futures were up 4 points at 8:30 AM EDT.Responses to quarterly reports released after the close yesterday generally were negative despite quarterly reports that were higher than consensus. Salesforce.com $CRM dropped $10.05 to $213.33. Crowd strike plunged $19.10 to...Read More
U.S. equity index futures moved lower this morning. S&P 500 futures were down 20 points at 8:30 AM EDT.The Canadian Dollar added 0.04 to US73.31 cents at 8:35 AM ED T following release of Canada's March GDP report at 8:30 AM EDT. Consensus was a decline of 0.1% versus a gain of 0.1% in February. Actual was unchanged.July WTI Crude oil dropped $2.32 to $67.17 prior to the OPEC + meeting this we...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:30 AM EDT. Microsoft advanced $4.06 to $336.95 after Wedbush raised its target price from $340 to $375.Constellation Brands added $1.87 to $234.75 after Roth MKM upgraded the stock from Neutral to Buy.Broadcom improved $15.29 to $828.02 after KeyBanc Capital raised its target price from $720 to $820.Cohe...Read More
: As Monday is a U.S. holiday, Tech Talk will next appear on Tuesday, May 30th.Pre-opening Comments for Friday May 26thEditor's Note: Next Tech Talk report is released on Tuesday May 30th. Monday is a U.S. holiday and trading activity on the TSX is minimal.U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:35 AM EDT.Lots of economic news released at...Read More