Pre-opening Comments for Monday September 26th U.S. equity index futures were lower this morning. S&P 500 future were down 17 points in pre-opening trade. The British Pound dropped another 0.0145 to $1.0705 to an all-time low in overnight trading. Micron dropped $0.40 to $49.70 after Wedbush lowered its target price from $85 to $65. PG&E […]

Pre-opening Comments for Friday September 23rd U.S. equity index futures were lower this morning. S&P 500 futures were down 45 points in pre-opening trade. The Canadian Dollar was virtually unchanged at US74.00 cents following release of Canada’s July Retail Sales. Consensus was a drop of 2.0%. Actual was a drop of 2.5%. WTI Crude oil […]

Pre-opening Comments for Thursday September 22nd U.S. equity index futures at 7:30 AM EDT were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. The Bank of England raised its lending rate to major banks from 1.75% to 2.25%. Lennar added $0.55 to $76.47 after reporting higher than consensus fiscal third […]

Pre-opening Comments for Wednesday September 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. Focus today is on results from the FOMC meeting scheduled for release at 2:00 PM EDT. Consensus calls for an increase in the Fed Fund Rate by 0.75% and continuation of […]

Pre-opening Comments for Tuesday September 20th Equity Index futures were lower this morning. S&P 500 futures were down 30 points in pre-opening trade. Index futures were virtually unchanged following release of the August U.S. Housing Starts report at 8:30 AM EDT. Consensus was a slip to 1.440 million units from 1.446 million units in July. […]