Pre-opening Comments for Thursday April 30th U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:35 AM EST. S&P 500 futures slipped 9 points following release of economic news at 8:30 AM EST. Consensus for first quarter U.S. GDP was a 2.4% annualized increase versus a 0.5% annualized […]

Responses to FOMC Announcement Yesterday The Federal Reserve decided to maintain its Fed Fund Rate at a 3.50%-3.75% rate in an 8 to 4 vote decision. The decision was announced at 2:00 PM EST. Responses to the news after 2:00 PM EST were as follows: S&P 500 Index recorded a modest gain The U.S. Dollar […]