U.S. equity index futures traded lower this morning. S&P 500 futures were down 22 points at 8:35 AM EDT.S&P 500 index futures recovered 6 points following release of the February Housing Star Report at 8:30 AM EDT. Consensus was an increase to 1.420 million units from 1.331 million units in January. Actual was an increase to 1.52 million units.The Canadian Dollar dropped 0.20 to US73.49 fo...Read More
U.S. equity index futures moved higher this morning. S&P 500 futures were up 41 points at 8:30 AM EDT.Apple gained $0.86 to $173.48 and Alphabet advanced $7.76 to $149.93 after announcing a possible joint venture with Alphabet to include Artificial Intelligence in its next iPhone.Tesla added $5.27 to $108.84 after announcing a price increase in the United States for its Model Y vehicle. T...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:35 AM EDTVolume and volatility in U.S. equity markets is expected to be exceptionally high today. March options tied to more than $5 trillion in stocks, exchange-traded funds and equity indexes are set to expire today during the quarterly triple witching.Equity index futures were unchanged following relea...Read More
Equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:35 AM EDT.S&P 500 futures dropped 7 points following release of economic news at 8:30 AM EDT.February U.S. Producer Price Index was expected to increase 0.3% versus a 0.3% increase in January. Actual was an increase of 0.6%. On a year-over-year basis, February PPI was expected to increase 1.1% versus a ga...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT.Dollar Tree dropped $11.93 to $137.76 after reporting lower than consensus fiscal fourth quarter earnings.Petco Health & Wellness added $0.09 to $2.65 after reporting higher than consensus fiscal fourth quarter revenues. Vera Bradley dropped $0.15 to $6.96 after reporting a fourth quarter l...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 added 7 points following release of the February U.S. Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.4% versus a gain of 0.3% in January. Actual was an increase of 0.4%. On a year-over-year basis, consensus was an increase of 3.1% versus a 3.1% increase in Jan...Read More
U.S. equity index futures were down this morning. S&P 500 futures were down 23 points at 8:30 AM EDT.Bitcoin added 2,618.55 to an all-time high at 71,642.09Comcast added $0.04 to $42.62 after its film Oppenheimer won 7 Oscars last night.Boeing dropped $2.59 to $195.90 after the Department of Justice launched a criminal investigation on the Alaska Airline 737 door plug blow out. The Botto...Read More
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