Pre-opening Comments for Friday March 17th U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 8:30 AM EDT. FedEx advanced $23.55 to $227.60 after reporting higher than consensus fiscal third quarter earnings. The company also raised guidance for the fourth quarter. Groupon dropped $0.32 to $4.58 after reporting […]

Pre-opening Comments for Thursday March 16th U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Index futures were virtually unchanged following release of the March Philly Fed Index and February Housing Starts at 8:30 AM EDT. Consensus for the Philly Fed Index was -7.50 versus -5.80 in February. […]

Pre-opening Comments for Wednesday March 15th U.S. equity index futures were lower this morning. S&P 500 futures were down 75 points in pre-opening trade. Index futures turned lower in overnight trade on news of liquidity concerns at Credit Suisse. Credit Suisse dropped $0.41 to $1.81. Index futures moved slightly lower following release of a series […]

Pre-opening Comments for Tuesday March 14th U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points in pre-opening trade. Index futures moved lower following release of the February inflation report at 8:30 AM EDT. February Consumer Price Index was expected to increase 0.4% versus a gain of 0.5% in January. […]

Pre-opening Comments for Monday March 13th U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade. Index futures weakened despite regulatory authorities taking control of Silicon Valley Bank after the bank experienced a run on its assets. First Republic Bank plunged $49.26 to $32.50 on solvency concerns. […]