Responses to FOMC Decision released at 2:00 PM EDT yesterday The FOMC maintained its Fed Fund Rate at 3.50%-3.75% in a 9 to 3 decision. Responses were as follow: S&P 500 Index initially moved higher but closed sharply lower Price on 20+ year Treasury iShares moved sharply lower. Yield moved sharply higher. The U.S. Dollar […]

Pre-opening Comments for Wednesday July 29th U.S. equity index futures were lower this morning. S&P 500 futures dropped 6 points at 8:30 AM EDT. The FOMC will release an update on interest rates at 2:00 PM EDT. Consensus calls for no change in the Fed Fund rate at 3.50%-3.75%. Caterpillar (CAT) dropped $28.85 to $812.00 […]

Pre-opening Comments for Tuesday July 28th U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:30 AM EDT. South Korea’s Kospi Index plunged 739.09 to 6,023.66. Celestica (CLS) a TSX 60 stock advanced US$25.20 to US$343.44 after reporting higher than consensus second quarter results. Cadence Design (CDNS) added […]

Pre-opening Comments for Monday July 27th U.S. equity futures were higher this morning. S&P 500 futures were up 61 points at 8:35 AM EDT. Index futures responded to an agreed halt in military activity between the U.S. and Iran. WTI Crude Oil dropped $7.07 to $83.44 per barrel S&P 500 futures were unchanged following release […]

Pre-opening Comments for Friday July 24th U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points at 8:30 AM EDT. Intel added $7.09 to $100.23 after reporting higher than consensus second quarter results. Oracle advanced $3.96 to $124.00 after the company signed a 10 year contract to supply services to […]