The Bottom Line Encouraging U.S. economic news released on Friday added to the possibility of the proverbial Santa Claus yearend rally that normally lasts to the first two trading days in January. The November Core PCE Price Index on a year-over-year basis came in at 3.2%, nicely lower than consensus at 3.4%. Equity and […]

Pre-opening Comments for Friday December 22nd U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:35 AM EST. Index futures were unchanged following release of economic data at 8:30 AM EST: November Durable Goods Orders were expected to increase 1.7% versus a decline of 5.4% in October. Actual […]

Pre-opening Comments for Thursday December 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 34 points at 8:35 AM EST. S&P 500 Index futures added 10 points following release of economic news at 8:30 AM EST. Consensus for the updated annualized U.S. third quarter real GDP was unchanged at 5.2%. […]

Pre-opening Comments for Wednesday December 20th U.S. equity index futures were lower this morning. S&P 500 futures dropped 8 points at 8:30 AM EST. FedEx dropped $22.82 to $257.18 after reporting less than consensus second quarter results. Steelcase dropped $1.32 to $11.38 after the company offered lower than consensus fourth quarter revenue guidance. General Mills […]

Pre-opening Comments for Tuesday December 19th 2023 U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 4,803 at 8:35 AM EST. Index futures were unchanged following release of the U.S. November New Home Starts report at 8:30 AM EST. Consensus was a drop to 1.360 million units from […]