U.S. equity index futures are sharply lower this morning. S&P 500 futures were down 92 points at 8:30 AM EST. Index futures around the world moved lower following President Trump's announcement on tariffs that will hit U.S. imports starting tomorrow.The Canadian Dollar plunged 0.63 to US68.14 cents following the tariff news. It fell in overnight news to a 22 year low at US68.50 cents before re...Read More
U.S. equity index futures were higher this morning. S&P 500 futures added 24 points at 8:35 AM EST.S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EST. Consensus for the December Core PCE Price Index was a 0.2% increase versus a 0.1% gain in November. Actual was a 0.2% gain. December U.S. Personal Income was expected to increase 0.4% versus a 0.3% gain in Nov...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM EST.S&P 500 futures were unchanged following release of the fourth quarter U.S. GDP report. Consensus was growth at a 2.7% annual rate versus growth at a 3.1% rate in the third quarter. Actual was growth at a 2.3% rate.Meta advanced $7.51 to $684 after reporting higher than consensus fourth qua...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points at 8:30 AM EST.Bank of Canada's Decision on interest rates is released at 9:45 AM EST on Wednesday. Consensus calls for a 0.25% drop to 3.00%. Press Conference is offered at 10:30 AM ESTFOMC decision on interest rates is released at 2:00 PM EST on Wednesday. Consensus calls for no change in the Fed Fund Rate...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EST.S&P 500 futures dropped 6 points following release of December Durable Goods Orders at 8:30 AM EST. Consensus called for a 0.1% increase versus a 1.2% decline in November. Actual was a 2.2% drop. Excluding Transportation Orders, consensus called for a 0.3% increase versus a 0.2% decline in N...Read More
U.S. equity index futures were sharply lower this morning. S&P 500 futures dropped 120 points at 8:30 AM EST.Leading the weakness were Artificial Intelligence stocks on concern that China's DeepSeek has developed a lower cost technology. Nvidia plunged $17.06 to $125.75. Microsoft dropped $26.55 to $417.51AT&T added $0.41 to $23.13 after reporting higher than consensus fourth quarter earni...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:30 AM EST.Boeing dropped $4.50 to $174.00 after the company pre-reported a large fourth quarter write downTexas Instruments dropped $7.61 to $193.00 after issuing a first quarter earnings forecast below consensus.Intuitive Surgical dropped $13.63 to $595.03 despite reporting strong fourth quarter results...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:35 AM EST.The Canadian Dollar was unchanged at US69.42 cents following release of Canada's November Retail Sales report at 8:30 AM EST. Consensus was a 0.2% gain versus unchanged in October. Actual was unchanged. Alcoa added $0.87 to $38.88 after reporting higher than consensus fourth quarter results.Kin...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:30 AM EST.Netflix advanced $123.29 to an all-time high at $992.97 after reporting a higher than consensus increase in subscriptions. United Airlines added $4.18 to an all-time high at $114.70 after reporting higher than consensus fourth quarter results.Interactive Brokers gained $7.06 to an all-time high...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:35 AM EST.The Canadian Dollar dropped 0.50 to U.S. 69.22 cents following news that tariffs on Canadian goods exported to the U.S. will take effect on February 1stThe Canadian Dollar eased an additional US 0.05 cents following release of Canada's December Consumer Price Index at 8:30 AM EST. On a year-ove...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 43 points at 8:30 AM EST.S&P 500 futures added 6 points following release of December U.S. Housing Starts at 8:30 AM EST. Consensus was 1.330 million units versus 1.289 million units in November. Actual was 1.500 million units.SLB added $0.80 to $41.89 after reporting higher than consensus fourth quarter revenue an...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:35 AM EST.S&P 500 futures dropped 5 points following release of economic news at 8:30 AM EST. Consensus for December U.S. Retail Sales was a 0.5% increase versus a 0.7% increase in November. Actual was a 0.4% increase. Excluding auto sales, consensus for December U.S. Retail Sales was a 0.5% increase...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 84 points at 8:35 AM EST.S&P 500 futures added 63 points following release of economic news at 8:30 AM EST. Consensus for the December Consumer Price Index was a 0.4 % increase versus a 0.3% increase in November. Actual was a 0.4% increase. On a year-over-year basis, consensus was a 2.9% increase versus a 2.7% gain...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points at 8:35 AM EST.S&P 500 futures advanced 27 points following release of the December Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.3% versus a gain of 0.4% in November. Actual was a 0.2% gain. On a year-over-year basis, consensus was a 3.5% increase versus a 3.0% increase in November....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 38 points at 8:30 AM EST.WTI Crude oil advanced $0.98 to a five month high at $77.55 per barrel after the U.S. raised sanctions against Russia's energy industry. Intra-cellular Therapeutics gained $33.86 to $128.63 after Johnson-& Johnson offered to buy the company in a deal valued at $14.6 billion.Moderna dropped...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 60 points at 8:35 AM ESTU.S. equity index futures plunged 62 points following release of the U.S. December Employment Report at 8:30 AM EST. Consensus for December Non-farm Payrolls was a gain of 150,000 from downwardly revised 212,000 in November. Actual was a 256,000 gain. Consensus for the December Unemployment Rat...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EST.American Airlines AAR gained $3.76 to $65.51 after reporting higher than consensus second quarter revenues and earnings. Cal-Maine advanced $5.30 to $108.98 after reporting higher than consensus fiscal second quarter revenues and profits.Flutter dropped $6.86 to 245.00 after issuing an earnings...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 48 points at 8:30 AM EST.The Canadian Dollar was up 0.67 to US69.89 cents on speculation that Prime Minister Trudeau plans to resign as Prime Minister later this week.Tesla added $7.36 to $317.89 after Canaccord raised its target price from $298 to $404.Microsoft gained $3.51 to $426.86 after announcing plans to build...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:35 AM EST.S&P 500 Index futures were unchanged following release of the November U.S. Trade Deficit Report at 8:30 AM EST. Consensus called for a $78.40 billion deficit versus a $73.80 billion deficit in October. Actual was a $78.2 billion deficit.NVidia advanced $3.71 to an all-time high at $153.00...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points at 8:30 AM EST.United States Steel dropped $2.60 to $30.00 following reports that President Biden is set to block its takeover by Nippon Steel.Chewy added $0.88 to $34.75 after Wolfe Research upgraded the stock from Peer Perform to Outperform.Nvidia gained $0.55 to $138.87 prior to an update comment by CEO Hu...Read More