U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:35 AM EDT. Index futures were virtually unchanged following release of U.S. economic news at 8:30 AM EDT:March PCE Price Index ex food & energy was expected to increase 0.2% versus a gain of 0.3% in February. Actual was an increase of 0.3%. On a year-over-year basis, March core PCE Price Index was e...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:30 AM EDT. Meta Platform advanced $24.70 to $234.15 after reporting higher than consensus first quarter earnings. The company also offered positive guidance. eBay gained $1.61 to $44.97 after reporting higher than consensus fiscal second quarter revenues and earnings. KLA Tencor advanced $7.89 to $365.25...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:35 AM EDT.Index futures were virtually unchanged following release of the March Durable Goods Orders report at 8:30 AM EDT. Consensus was an increase of 0.5% versus a decline of 1.0% in February. Actual was an increase of 3.2% thanks mainly to a surge in aircraft deliveries by Boeing.Microsoft gained $20....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 pointsat 8:30 AM EDT..First Republic Bank dropped $1.12 to $14.82 despite reporting higher than consensus first quarter earnings. The Bank also announced a 41% drop in deposits as well as plans to reduce its work force by 20%-25%.Whirlpool advanced $4.79 to $145.49 after reporting higher than consensus first quarte...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down points at 8:30 AM EDT.Coca Cola added $0.84 to $64.89 after reporting higher than consensus first quarter revenues and earnings. First Solar dropped $5.19 to $211.70 after Citigroup downgraded the stock from Neutral to Sell.Chesapeake Energy added $0.15 to $81.00 after Truist initiated coverage with a Buy rating and a...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT. The Canadian Dollar was unchanged at US73.92 cents following release of Canada's February Retail Sales at 8:30 AM EDT. Consensus was a decrease of 0.6% versus a gain of 1.4% in January. Actual was a decrease of 0.2%.CSX added $0.81 to $31.62 after reporting higher than consensus first quarter earn...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 33 points at 8:35 AM EDT.Index futures dropped another 3 points following release of the April Philly Fed Index at 8:30 AM EDT. Consensus was a recovery to -19.9 from -23.2 in March. Actual was a drop to-31.3.IBM advanced $2.60 to $129.00 after reporting higher than consensus first quarter earnings. Las Vegas Sands ga...Read More
(Adds Justin Trudeau's comments) May 2 (Reuters) - Canadian Prime Minister Justin Trudeausaid in an interview to Bloomberg Television last week that anytakeover bid for Teck Resources Ltd would have to getthrough a "rigorous process" to get consent from the government. Here is a snapshot of key events in the saga so far. Date Development March Glencore privately offers to merge with T...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EDT.United Airlines gained $0.51 to $43.55 after reporting a lower than consensus first quarter loss. The company also offered positive second quarter guidance. Netflix slipped $0.55 to $333.15 after reporting slightly less than consensus first quarter earnings. Intuitive Surgical advanced $21.90...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points at 8:35 AM EDT.Index futures were virtually unchanged following release of March U.S. Housing Starts at 8:30 AM EDT. Consensus was a slip to 1.420 million units from 1.450 million units in February. Actual was 1.420 million units The Canadian Dollar added 0.05 to US74.80 cents following release of Canada's Ma...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT. Index futures were unchanged following release of the April Empire State Manufacturing Survey at 8:30 AM EDT. Consensus was a decline of 15.0. Actual was a gain of 10.8Shanghai Composite Index advanced 47.46 in overnight trade to a 10 month high at 3,385.61.Prometheus Bioscience $RXDX jumped $79.4...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:35 AM EDT.Index futures moved lower following release of March Retail Sales report at 8:30 AM EDT Consensus was a drop of 0.5 % versus a drop of 0.4% in February. Actual was a drop of 1.0%. Excluding auto sales, consensus was a drop of 0.4% versus a drop of 0.1% in February. Actual was a drop of 0.8%.Spi...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EDT.Index futures moved higher following release of the March Producer Price Index at 8:30 AM EDT. Consensus was an increase 0.1% versus a decline of 0.1% in February. Actual was a drop of 0.5%. On a year-over-year basis, Consensus was an increase 3.1% versus 4.9% in February. Actual was an increas...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 31 points in pre-opening trade. S&P 500 futures advance 27 points following release of the March Consumer Price Index at 8:30 AM EDT. March CPI was expected to increase 0.2% versus a gain of 0.4% in February. Actual was an increase of 0.1% . On a year-over-year basis March CPI was expected to increase 5.1% versus a...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT.Brookdale Senior Living gained $$0.26 to $3.24 after the company raised guidance.Tilray dropped 0.12 to Cdn$2.62 after reporting a third quarter loss of $1.90 per share. The company also announced purchase of Hexo for Cdn$56 million.CarMax gained $5.17 to $71.03 after reporting higher than consensu...Read More
(Adds quotes, context) By Marco Aquino LIMA, April 10 (Reuters) - Peru expects to produce 2.8million tonnes of copper this year, a senior official said onMonday, representing an almost 15% jump from 2022, in a brightspot for the Andean nation's top export. Peru, the world's no. 2 copper producer, saw output affectedsince December following anti-government protests and roadblockades spurred by the...Read More
(Corrects project owner in second-last paragraph to AmericanLithium Corp from Plateau Energy Metals) By Marco Aquino LIMA, April 10 (Reuters) - Peru expects to produce 2.8million tonnes of copper this year, a senior official said onMonday, representing an almost 15% jump from 2022, in a brightspot for the Andean nation's top export. Peru, the world's no. 2 copper producer, saw output affectedsinc...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points at 8:30 AM EDT.Moderna added $3.39 to $161.66 after JP Morgan raised its target price from $127 to $145.Weyerhaeuser gained $0.40 to $30.25 after DA Davidson raised its rating from Neutral to Buy.Tupperware dropped $0.22 to $2.20 after the company warned that it may adjust fourth quarter results. Cinemark ad...Read More
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