Pre-opening Comments for Monday July 31st U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EDT. Salesforce.com dropped $3.84 to $221.76 after Morgan Stanley downgraded the stock from Overweight to Equal Weight. Ford slipped $0.13 to $13.13 after Jefferies downgraded the stock from Buy to Hold. […]

Pre-opening Comments for Friday July 28th U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points at 8:35 AM EDT Index futures were unchanged following release of economic news at 8:30 AM EDT: June Core PCE Price Index was expected to increase 0.2% versus a gain of 0.3% in May. […]

Pre-opening Comments for Thursday July 27th Equity index futures were higher this morning. S&P 500 futures added 36 points at 8:35 AM. S&P 500 futures added 4 points following release of economic news at 8:30 AM EDT: June Durable Goods Orders were expected to increase 1.0% versus a gain of 1.7% in May. Actual was […]

Pre-opening Comments for Wednesday July 26th U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDT. Focus today is release of the Federal Reserve’s decision on interest rates at 2:00 PM EDT. Consensus calls for a 0.25% in the Fed Fund Rate to 5.50%. Microsoft dropped […]

Pre-opening Comments for Tuesday July 25th 2023 U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:30 AM EDT. Whirlpool dropped $2.26 to $148.50 despite reporting higher than consensus second quarter earnings. The company reported less than consensus second quarter revenues. NXP Semiconductors added $2.72 to $213.60 after […]