Pre-opening Comments for Friday March 24th U.S. equity index futures were lower this morning. S&P 500 futures were down 34 points at 8:35 AM EDT Index futures dropped sharply in overnight trade on concerns that Deutsche Bank was experiencing financial distress. Deutsche Bank dropped $1.20 to $8.14 in overnight trade. Index futures were virtually unchanged […]

Pre-opening Comments for Thursday March 23rd U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:30 AM EDT. KB Homes advanced $1.00 to $37.80 after reporting higher than consensus fiscal first quarter revenues and earnings. Steelcase added $0.42 to $7.60 after reporting higher than consensus quarterly earnings. The […]

Pre-opening Comments for Wednesday March 22nd 2023 U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT. Focus today is on the FOMC announcement on monetary policy released at 2:00 PM EDT. Consensus is calling for another 0.25% increase in the Fed Fund Rate for a […]

Pre-opening Comments for Tuesday March 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:30 AM EDT. Economic news released at 8:30 AM EDT could influence opening equity prices in Canada: February Canadian Consumer Price Index was expected to increase 0.7% versus a gain of 0.5% in […]

Pre-opening Comments for Monday March 20th U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:30 AM EDT. Concerns about Credit Suisse’ viability was relieved after UBS acquired the company for $3.2 billion CF Industries slipped $0.43 to $70.50 after announcing acquisition of an ammonia plant in Louisiana […]