Pre-opening Comments for Friday May 31st U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EDT S&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% […]

Pre-opening Comments for Thursday May 30th 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 […]

Pre-opening Comments for Wednesday May 29th 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 […]

Pre-opening Comments for Tuesday May 28th 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 […]

  The Bottom Line 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 […]