Pre-opening Comments for Tuesday May 9th 2023 U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:30 AM EDT. PayPal dropped $4.35 to $71.17 after reporting a lower than consensus first quarter profit margin. Lucid fell $0.67 to $7.04 after lowering production guidance. Wayfair fell $2.75 to $37.22 […]

Pre-opening Comments for Monday May 8th U.S. equity index futures were higher this morning. S&P500 futures were up 10 points at 8:30 AM EDT. Scotts Miracle Grow added $2.45 to $68.89 after JP Morgan upgraded the stock from Neutral to Overweight. Tyson Foods dropped $4.40 to $56.29 after reporting an adjusted loss in its fiscal […]

Pre-opening Comments for Thursday May 4th U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:35 AM EDT. Index futures were unchanged after release of the March U.S. Trade Deficit report at 8:30 AM EDT. Consensus was a recover to $63.80 billion from $70.05 billion in February. Actual […]

Pre-opening Comments for Wednesday May 3rd 2023 U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT. Focus today is on news on the Fed Fund Rate announced by the FOMC at 2:00 PM EDT. Responses to quarterly results after the close yesterday were surprisingly negative […]

Pre-opening Comments for Tuesday May 2nd U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:30 AM EDT. President Biden has called for a meeting on May 9th with Congressional leaders to discuss the Federal government debt limit. Treasury secretary Janet Yellen noted that the debt limit could […]