Pre-opening Comments for Tuesday February 11th U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EST. Focus today is on Federal Reserve Chairman Powell’s testimony to a congressional committee updating U.S. monetary policy. Coca Cola advanced $2.20 to $66.80 after reporting higher than consensus fourth quarter […]

Pre-opening Comments for Monday February 10th U.S. equity index futures were higher this morning. S&P 500 futures were up 33 points at 8:30 AM EST. Steel ETF $SLX advanced $2.11 to $63.45 in anticipation of a 25% tariff on steel and aluminum imports to the U.S. expected to be announced today. Gold prices moved higher […]

Pre-opening Comments for Friday February 7th U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:35 AM EST. S&P 500 futures slipped 2 points following release of the U.S. January Employment Report. Consensus for January Non-farm Payrolls was 175,000, down from upwardly revised 307,000 in December. Actual was […]

Pre-opening Comments for Thursday February 6th U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EST. The Bank of England lowered its lending rate to major banks from 4.75% to 4.50%. Qualcomm dropped $8.31 to $167.69 after announcing lower than expected intellectual property licencing revenues in […]

Pre-opening Comments for Wednesday February 5th U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:35 AM EST. S&P 500 futures were unchanged following release of the December U.S. Trade Report at 8:30 AM EST. Consensus was an increase in the deficit to $97.10 billion versus a deficit […]