U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:30 AM EDT. Today is "Quadruple Witching Day", the last trade day for U.S. listed June equity and index options and futures. Volume and volatility in U.S. markets are expected to be higher than usual.Delta Airlines added $0.02 to $49.63 after announcing a 50% increase in its dividend.CarMax gained $0.84...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 17 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 May U.S. Housing starts was an increase to 1.380 million units from 1.360 million units in April. Actual was a drop to 1.277 million units. Consensus for the June Philly Fed Index was an increa...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:35 AM EDT.U.S. equity index futures were unchanged following release of May U.S. Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.2% versus revised down 0.2% in April. Actual was a 0.1% increase. Lennar dropped $2.81 to $153.70 despite reporting higher than consensus fiscal second quarter revenue...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:35 AM EDT.S&P 500 Index futures dropped 4 points following release of the June Empire State Manufacturing Survey at 8:30 AM EDT. Consensus called for an improvement to -12.50 from -15.60 in May. Actual was an improvement to -6.00.Autodesk added $9.73 to $235.60 after Starboard Value took a $500 milli...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:35 AM EDT.Adobe advanced $66.45 to $525.19 after reporting higher than consensus second quarter results. The company also offered positive guidance. Tesla added $0.53 to $183.00 after shareholders approved Musk's bonus package valued at $56 billion. Informatica added $0.77 to $30.33 after reporting high...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:35 AM EDTS&P 500 futures added 10 points following release of the May Producer Price Index at 8:30 AM EDT Consensus was an increase of 0.2% versus a gain of 0.5% in April. Actual was down 0.2%. On a year-over-year basis, consensus was an increase of 2.2% versus a gain of 2.3% in April. Actual was 2.2...Read More
U.S. equity index futures are waiting for release of the May U.S. Consumer Price Report at 8:30 AM EDT. Consensus is an increase of 0.2% versus a gain of 0.3% in April. On a year-over-year basis, May CPI is expected to increase 3.4% versus a gain of 3.4% in April. Excluding food and energy, May CPI is expected to increase 0.3% versus a gain of 0.3% in April. On a year-over-year basis, core May CPI...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 15 points at 8:30 AM EDT.General Motors added $0.54 to $48.01 after announcing a $6 billion share buyback program.Eli Lilly advanced $13.44 to $878.45 after its Alzheimer drug received backing from FDA advisors. Target Hospitality dropped $2.97 to $7.53 after the U.S. government announced its intention to terminate it...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 2 points at 8:30 AM EDT.Apple added $2.41 to $196.89 prior to start of the company's World Wide Development Conference today. CEO Tim Cook gives the keynote presentation this afternoon. Southwest Airlines jumped $1.90 to $29.65 on news that Elliott Investment Management has taken a $2 billion stake in the company.Wal-...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were down 17 points at 8:35 AM EDTS&P 500 futures dropped 19 points following release of the May U.S. employment report at 8:30 AM EDT. May Non-farm Payrolls were expected to increase 186,000 versus a downwardly revised gain of 165,000 in April. Actual was a gain of 272,000 May Unemployment Rate was expected to remain unch...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:35 AM EDT.European Central Bank updated its Overnight Lending Rate for major banks at 8:15 AM EDT Consensus was a reduction from 4.50% to 4.25%. Actual was a reduction to 4.25%.April U.S. Trade Report was announced at 8:30 AM EDT. Consensus was a deficit of $76.5 billion versus a deficit of $69.40 billio...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points at 8:30 AM EDTCanadian investors are focusing on the Bank of Canada's economic statement at 9:45 AM EDT. Consensus calls for no change in the Bank's lending rate for major Canadian banks.Hewlett Packard Enterprises advanced $2.36 to $19.96 after reporting higher than consensus fiscal second quarter revenues a...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points at 8:30 AM EDT.WTI crude oil dropped another $1.30 to US$72.92 per barrel following OPEC + decision to phase out price cuts beginning in October. India iShares plunged $3.42 to $51.38 after early election results showed a drop in majority held by the current government.HealthEquity advanced $3.47 to $84.69 a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:30 AM EDT.Nvidia advanced $26.05 to $1,122.00 after announcing launch of new AI chipsAdvanced Micro Devices rose $1.99 to $169.00 after announcing launch of new AI chips.Edwards Lifesciences gained $2.08 to $88.97 after announced sale of its critical care product group to Becton Dickenson for $4.2 billio...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EDTS&P 500 futures added 10 points following release of the April core PCE Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.3% in March. Actual was an increase of 0.2%.Trump Media and Technology dropped $4.96 to $47.00 after former President Trump was found guilty...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:35 AM EDT. S&P 500 futures gained 7 points following release of the second estimate for annualized first quarter real GDP. Consensus was an increase of 1.2% versus a gain of 3.4% in the fourth quarter of 2023. Actual was an increase of 1.3%.Salesforce.com dropped $44.06 to $227.48 after reporting le...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 35 points at 8:30 AM EDT.Robinhood Markets advanced $0.92 to $21.39 after the company approved a $1 billion share buyback program.American Airlines dropped $0.54 to $12.90 after the company lowered earnings guidance. Delta Airlines and United Airlines also moved lower following the news. National Bank is expected to o...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:30 AM EDT.Apple added $3.22 to $193.20 following news that iPhone sales in China have exceeded expectations. Bank of Nova Scotia (BNS.TO Cdn$65.59) is expected to open higher after releasing higher than consensus fiscal second quarter earnings Insmed jumped $29.04 to $51.04 after reporting positive data f...Read More
The gain by one stock dominated performances by the S&P 500 Index and NASDAQ Composite Index last week: the 15% price advance by heavily weighted NVidia following release of its better than expected quarterly results. Other major U.S. equity indices were notably weaker: Dow Jones Industrial Average down 2.33%, Dow Jones Transportation Average dropped 2.70%, Equal Weighted S&P 500 ETF dropp...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:35 AM EDTThe Canadian Dollar was unchanged at US72.91 cents following release of March Canadian Retail Sales at 8:30 AM EDT. Consensus was a drop of 0.1% versus a decline of 0.1% in February. Actual was a decline of 0.2%. Excluding auto sales, March Retail Sales consensus was a drop of 0.2%. Actual was a...Read More