Pre-opening Comments for Tuesday July 12th U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade. Gap Stores dropped $0.30 to $8.46 after the company’s Chief Executive Officer stepped down. The company also lowered second quarter guidance. Wells Fargo lowered its target price from $16 to $10. […]

Pre-opening Comments for Monday July 11th U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points in pre-opening trade. Index futures responded to news of more shutdowns in China due to a spread of a COVID 19 variant. Twitter dropped $1.98 to $34.883 after Elon Musk terminated his takeover offer […]

Pre-opening Comments for Friday July 8th U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade. Index futures were moved lower following release of the U.S. June Employment report at 8:30 AM EDT. Consensus for June Non-farm Payrolls was a drop to 265,000 from revised 384,000 in […]

Pre-opening Comments for Thursday July 7th U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. U.S. equity index futures were virtually unchanged following release of the U.S. May Trade Deficit report at 8:30 AM EDT. Consensus was a deficit of $84.7 billion versus a deficit of […]

Pre-opening Comments for Wednesday July 6th U.S. equity index futures were lower this morning. S&P 500 future slipped 10 points in pre-opening trade. Focus today is on FOMC meeting minutes to be released at 2:00 PM EDT. More information on the Federal Reserve’s plan to increase the Fed Fund Rate is expected. Resolute Forest Products […]