Pre-opening Comments for Wednesday February 1st U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade. Focus today is on the FOMC meeting announcement at 2:00 PM EST. Consensus calls for a 0.25% increase in the Fed Fund Rate to 4.50%-4.75%. Snap dropped $1.59 to $9.56 after […]

Pre-opening Comments for Tuesday January 31st U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. The Canadian Dollar added US0.10 to 74.47 cents following release of Canada’s November GDP report at 8:30 AM EST. Consensus was an increase of 0.1% versus a gain of 0.1% in […]

Pre-opening Comments for Monday January 30th U.S equity index futures were lower this morning. S&P 500 futures were down 31 points in pre-opening trade. General Motors slipped $0.80 to 37.15 after Berenberg downgraded the stock to Hold. Kohl’s dropped $0.77 to $30.72 after Goldman Sachs initiated coverage with a Sell recommendation. Alibaba fell $6.19 to […]

Pre-opening Comments for Friday January 27th U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points in pre-opening trade. December Core PCE Price Index released at 8:30 AM EDT was expected to increase 0.3% versus a gain of 0.2% in November. Actual was an increase of 0.3%. On a year-over-year […]

Pre-opening Comments for Thursday January 26th U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 7:30 AM EST. December Durable Goods Orders released at 8:30 AM EST are expected to increase 2.5% versus a drop of 2.5% in November. Excluding Transportation Orders, December Durable Goods Orders are expected […]