Equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:35 AM ESTIndex futures dropped 6 points following release of the December Empire State Manufacturing Survey at 8:30 AM EST. Consensus was a drop to +4.0 from +9.1 in November. Actual was a drop to -14.5.Today is "Triple Witching Day', the last trade day in December for listed index and equity options and futur...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EST.Index futures were unchanged following release of November Retail Sales at 8:30 AM EST. Consensus called for a decline of 0.1% versus a decline of 0.1% in October. Actual was an increase of 0.3%. Excluding auto sales, consensus called for a decline of 0.1% versus a gain of 0.1% in October. Actu...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:35 AM EST.Index futures were unchanged following release of the November Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.1% versus a decline of 0.5% in October. Actual was unchanged. On a year-over-year basis, consensus was an increase of 1.0% versus a gain of 1.3% in October. Actual w...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:35 AM ESTU.S. equity index futures added were unchanged following release of the November Consumer Price Index at 8:30 AM EST. Consensus was unchanged versus unchanged in October. Actual was an increase of 0.1%. On a year-over-year basis, consensus was an increase of 3.1% versus a gain of 3.2% in October....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EST.Macy's jumped $3.01 to $20.40 after Arkhouse Management and Brigade Capital Management offered to acquire the company for $21 per share.Cigna advanced $34.75 to $293.55 after the company raised its stock buyback program by $10 billion.Palo Alto added $0.82 to $299.24 after JP Morgan raised its...Read More
Equity index futures were lower this morning. S&P 500 futures were down 20 points at 8:35 AM ESTIndex futures dropped 12 points following release of the November Employment report at 8:30 AM EST. Consensus for November Non-farm Payrolls was an increase to 180,000 from 150,000 in October. Actual was 199,000. Consensus for the November Unemployment Rate was unchanged at 3.9% from October. Actual...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 8:30 AM EST.GameStop dropped $0.41 to $14.43 after reporting less than consensus third quarter revenues. Chewy fell $1.76 to $17.59 after reporting a third quarter loss. Braze advanced $6.88 to $63.00 after reporting higher than consensus third quarter revenues. Cerevel Theropeutics jumped $5.76 to $42.69 a...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:30 AM EST.CVS Health gained $1.92 to $70.40 after offering positive fourth quarter 2023 and 2024 guidance. The company also raised its quarterly dividend by 10%.JM Smucker added $3.37 to $115.80 after reporting higher than consensus third quarter earnings.Design Brands dropped $4.16 to $8.65 after repor...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM ESTU.S. equity index futures added 4 points following release of the U.S. Trade Deficit at 8:30 AM EST. Consensus was $64.10 billion, an increase from $61.50 billion in September. Actual was $64.3 billion.The Bank of Canada updates its overnight lending rate for major Canadian banks at 10:00 AM EST...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points at 8:30 AM EST.Alaska Airlines slipped $0.57 to $39.16 and Hawaiian Airlines jumped $8.85 to $13.71 after Alaska Airlines offered to purchase Hawaiian Airlines for $1.9 billion.Bitcoin jumped $2,140.42 to $41,547.22 in overnight trade.Spot gold briefly touched an all-time high at US$2,095.70 in overnight tra...Read More
U.S equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:35 AM EST.Canadian Dollar added 0.05 to US78.88 cents following release of Canada's November Employment Report. Consensus was an increase in employment of 14,000 versus a gain of 17,500 in October. Actual was an increase of 24,900. Consensus was an increase in the Unemployment Rate to 5.8% from 5.7% in Oc...Read More
U.S .index futures were higher this morning. S&P 500 futures added 14 points at 8:35 AM ESTIndex futures were unchanged following release of the October Core PCE Price Index at 8:30 AM EST. Consensus was an annual increase of 3.5% versus 3.7% in September. Actual was an increase of 3.5%Salesforce.com advanced $16.96 to $247.40 after reporting higher than consensus third quarter results.La Z Bo...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EST.Scotia Bank dropped $1.25 to Cdn$59.00 after reporting less than consensus fiscal fourth quarter earnings. Boeing gained $4.25 to $223.55 after RBC upgraded the stock to Outperform.Canada Goose added $0.30 to $10.95 after acquiring a manufacturing facility in Romania. Carnival added $0.05 to $1...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:35 AM EST.Index futures were unchanged following release of updated third quarter real GDP at 8:30 AM EST. Consensus was an annualized increase of 4.9%, unchanged from the previous estimate. Actual was an annualized increase of 5.2%.Intuit gained $1.93 to $567.00 after reporting higher than consensus fis...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT.U.S. retail stocks are expected to open higher following news that U.S. on-line shoppers spent a record $9.8 billion on Black Friday, up 7.5% from last year. Amazon added $0.95 to $147.69. Shopify gained US$2.45 to a 19 month high at US$72.80.GE Healthcare Technologies dropped $2.49 to $71.22 a...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EST.Today is Black Friday, the day historically when annual profits by U.S. retailers turn from "red "to "black".The Canadian Dollar added $0.14 to US73.15 following release of Canada's September Retail Sales. Consensus was unchanged versus a decline of 0.1% in August. Actual was an increase of 0.6%iRo...Read More
Today, U.S. equity markets are closed for the Thanksgiving holiday. Tomorrow U.S. equity markets close at 1:00 PM EST. Volume on U.S. and Canadian equity markets tomorrow are expected to be well below average. Technical NotesMarriott International $MAR a NASDAQ 100 stock moved above $209.92 to an all-time high extending an intermediate uptrend. Lam Research $LRCX a NASDAQ 100 stock moved abov...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EST.Index futures were unchanged following release of October Durable Goods Orders at 8:30 AM EST. Consensus was -3.0% versus +4.7% in September. Actual was -5.4%.The Canadian Dollar slipped 0.12 to US 72.87 cents following release of the Federal Government's economic update.Autodesk gained $5.44 t...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:35 AM EST.The Canadian Dollar was unchanged at US72.95 cents following release of Canada's October Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.1%. Actual was an increase of 0.1%. On a year-over year basis October CPI consensus was an increase 3.1% versus a gain of 3.8% in July. Ac...Read More
(New throughout, adds further details from union leader) By Marco Aquino LIMA, Nov 20 (Reuters) - Workers at the Chinese-ownedLas Bambas copper mine in Peru will kick off an "indefinite"strike beginning next week after the miner failed to deliverinformation on profit-sharing protocols, the union's leader saidon Monday. Erick Ramos, general secretary of the Las Bambas workersunion, told...Read More