Pre-opening Comments for Monday May 4th U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EST. Index futures responded to increasing tensions around passage through the Strait of Hormuz. The U.S. announced plans to escort ships through the Strait. Iran reportedly fired two rockets that hit […]

Pre-opening Comments for Friday May 1st U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points at 8:30 AM EST. Apple (AAPL) added $5.65 to $277.00 after reporting higher than consensus second quarter revenues and earnings. Redditt (RDDT) advanced $13.64 to $160.87 after reporting higher than consensus first quarter results. […]

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 […]

Pre-opening Comments for Wednesday April 29th U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:35 AM EST. S&P 500 futures dropped 8 points following release of U.S. economic news at 8:30 AM EST. Consensus for March Durable Goods Orders was a 0.5% increase versus a 1.4% drop […]