Pre-opening Comments for Thursday October 26th U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points at 8:35 AM EDT. Index futures recovered 10 points following release of preliminary third quarter GDP at 8:30 AM EDT. Consensus was an annualized increase of 4.7% .Actual was an increase of 4.9%. IBM […]

Pre-opening Comments for Wednesday October 25th U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:30 AM EDT. The Bank of Canada will update strategy on its lending rate to Canada’s banks at 10:00 AM EDT Microsoft advanced $14.88 to $345.31 after reporting higher than consensus fiscal first […]

Pre-opening Comments for Tuesday October 24th U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points at 8:30 AM EDT. General Electric added $5.38 to $112.07 after reporting higher than consensus third quarter earnings. The company also raised guidance. Cadence Design Systems dropped $8.92 to $231.00 after the company lowered […]

Pre-opening Comments for Monday October 23rd U.S. equity index futures were lower this morning. S&P 500 futures were down 16 points at 8:30 AM EDT. Index futures responded to a six basis point increase in the yield by U.S. Treasuries to 5.00%. Hess added $0.96 to $163.98 after Chevron offered to buy the company for […]

  Editor’s Note: Next report is scheduled for release on Monday October 23rd The Bottom Line Third quarter report season is “off to a good start”. Reports released to date generally have recorded higher than consensus results (notably by the U.S. money center banks). Analysts were prompted to raise estimates. Revenue and earnings gains on […]