Semiconductor ETF (SMH) moved above $348.53 to an all-time high extending an intermediate uptrend. Notable among semiconductor stocks in the ETF was a move by KLA Corp (KLAC) above $1,155.00 to an all-time high.Japan iShares (EWJ moved above $83.60 to an all-time high extending an intermediate uptrend. Apple (AAPL) moved above $259.18 to an all-time high extending an intermediate uptrend. Trader's...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points at 6,725.00 at 8:30 AM EDT. Early strength in the S&P 500 was helped with a reiteration by Morgan Stanley's strategists that the S&P 500 Index will pass through 7,000 next year. The Nikkei Average added 1,603.35 to an all-time high at 49,185.50 in anticipation of Sanae Takaichi becoming Japan's next p...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT. Eli Lilly dropped $33.42 to $785.97 and Novo Nordisk dropped $2.34 to $53.75 after President Trump promised that cost for users weight-loss drugs will be much lower.CSX added $0.91 to $36.90 after reporting higher than consensus third quarter earnings. Seasonal influences are favourable until...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points at 8:30 AM EDTJB Hunt Transport Services gained $15.70 to $154.53 after reporting higher than consensus third quarter results. United Airlines slipped $0.81 to $103.24 after reporting less than consensus third quarter revenues. Seasonal influences are favourable until November 14th. See seasonality chart at w...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 49 points at 8:30 AM EDT.Stellantis advanced $0.49 to $10.40 after announcing a $13 billion plan to boost U.S. manufacturing. Seasonal influences are favourable until January 13th. See seasonality chart at www.EquityClock.comBank of America added $2.40 to $52.49 after reporting higher than consensus third quarter earni...Read More
U.S. equity indices moved higher yesterday after concerns about an escalating tariff war with China lessened. The S&P 500 Index added 105.21 to 6,654.72.U.S. equity index futures moved lower this morning. S&P 500 futures were down 59 points to 6,635 at 8:30 AM EDT.Yesterday, Gold bullion added $96.40 to another all-time high at US$4,109.65. This morning gold added another $17.40 per ounce....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points at 8:30 AM EDT.The Nikkei Average jumped 2,175.26 to 47,944.76 after selection of Sanae Takaichi as Japan's first female prime minister. Advanced Micro Devices gained $39.04 to $203.71 after signing a deal to provide AI chips to Open AIBitcoin briefly moved above US$125,000 to an all-time high. Comerica advan...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EDT.The U.S. September Non-farm Payrolls report scheduled for release at 8:30 AM EDT has been postponed due to shutdown of U.S. Federal Government services.Applied Materials dropped $7.69 to $215.90 after noting that it expects a $710 million hit to fourth quarter revenues triggered by new export re...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:30 AM EDT.Occidental Petroleum advanced $0.74 to $48.46 after the company sold its OxyChem division to Berkshire Hathaway for $9.7 billion. Berkshire Hathaway slipped $1.19 to $497.01 on the newsStellantis added $0.68 to $10.32 after reporting higher than consensus quarterly results. EquityClock's Market...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points at 8:30 AM EDT. Futures responded to the shutdown of U.S. federal government services at midnight last night.Nike added $0.91 to $70.70 after reporting higher than consensus fiscal first quarter results. Lithium America jumped $1.49 to $7.20 after the U.S. federal government announced purchase of a 5% weight...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:30 AM EDT. Index futures responded to failure by Congress to reach an agreement prior to October 1st to continue funding government operations. Wolfspeed advanced $3.76 to $25.86 after emerging from Chapter 11 bankruptcy.Echostar added $6.00 to $79.60 on talks to sell its spectrum to VerizonSemtech gaine...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:30 AM EDT.Gold futures gained $39.40 to $3,848.00 per ounce in response to a weaker U.S. Dollar and to .U.S. government shutdown fears. Novo Nordisk dropped $1.84 to $53.77 after Morgan Stanley noted that the company's test for an Alzheimer treatment is expected to fail.Tesla advanced $17.01 to $440.40 i...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were 23 ponts at 8:35 AM EDTS&P 500 futures added 13 points following release of economic news at 8:30 AM EDT. Consensus for August PCE Price Index was a 0.3% increase versus a 0.2% increase in July. Actual was a 0.3% increase. On a year-over-year basis, the Index increased 2.7% versus 2.6% in July. Consensus for August Co...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 27 points at 8:35 AM EDT.S&P 500 futures slipped 2 points following release of economic news at 8:30 AM EDT. Consensus for updated U.S. annualized second quarter real GDP report was unchanged at a 3.3% rate versus a 0.5% drop in the first quarter. Actual was an increase to 3.8%. Consensus for August Durable Goods...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT.Micron advanced $0.74 to $167.15 after reporting higher than consensus fiscal fourth quarter results. The company also offered a positive outlook for its fiscal first quarter. Alibaba gained $15.23 to $178.31 after announcing a $50 billion infrastructure expansion programWalt Disney, owner of t...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 3 points at 8:30 AM EDT. Boeing advanced $4.75 to $216.84 on news that the company is in final stages of negotiations over a "huge" order for aircraft with ChinaMicron added $1.03 to $165.65 prior to releasing quarterly results later today.Almost all of the gain by the S&P 500 Index yesterday came from two stocks:...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:30 AM EDT.Gold advanced $40.55 to another all-time high $3,726.33 per ounce.Metsera (MTSR) advanced $19.70 to $53.02 after Pfizer reported is buying the company for $4.9 billion.Pfizer (PFE) added $0.34 to $24.37 following the report on MetseraEquityClock's Market Outlook for September 22ndOn the lookou...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points at 8:30AM EDT.Today is Quadruple Witching Day, the last trade day for September listed options, futures and futures options. FedEx advanced $16.76 to $243.26 after reporting higher than consensus fiscal first quarter resultsLennar dropped $4.53 to $128.34 after issuing a warning on fiscal fourth quarter reven...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 47 points at 8:35 AM EDT. S&P 500 futures slipped 5 points following release of the September Philly Fed Manufacturing Index at 8:30 AM EDT. Consensus called for an improvement to 2.0 from a 0.3 drop in August. Actual was an increase to 23.2.Cracker Barrel (CBRL) dropped $5.09 to $44.50 after forecasting a fall in...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:30 AM EDT.U.S. equity market focus today is on release of the FOMC decision on U.S. interest rates at 2:00 PM EDT. Consensus calls for a 0.25% reduction to 4.25% in the Fed Fund Rate. Press conference call is scheduled for 2:30 AM EDT. Canadian equity market focus today is on release of the Bank of Canad...Read More