Pre-opening Comments for Thursday April 30th U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:35 AM EST. S&P 500 futures slipped 9 points following release of economic news at 8:30 AM EST. Consensus for first quarter U.S. GDP was a 2.4% annualized increase versus a 0.5% annualized […]

Responses to FOMC Announcement Yesterday The Federal Reserve decided to maintain its Fed Fund Rate at a 3.50%-3.75% rate in an 8 to 4 vote decision. The decision was announced at 2:00 PM EST. Responses to the news after 2:00 PM EST were as follows: S&P 500 Index recorded a modest gain The U.S. Dollar […]

Pre-opening Comments for Wednesday April 29th U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:35 AM EST. S&P 500 futures dropped 8 points following release of U.S. economic news at 8:30 AM EST. Consensus for March Durable Goods Orders was a 0.5% increase versus a 1.4% drop […]

Pre-opening Comments for Tuesday April 28th U.S. equity index futures were lower this morning. S&P 500 futures were down 54 points at 8:30 AM EST. Nucor added $9.00 to $224.00 after reporting higher than consensus first quarter results. Celestica (CLS) dropped $34.21 to US$388.00 despite reporting higher than consensus first quarter results. The company also […]

Pre-opening Comments for Monday April 27th U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points at 8:30 AM EST. Lionsgate (LION) added $0.57 to $12.00 following record revenues over the weekend from launch of a biotech film featuring Michael Jackson. Verizon added $1.72 to $48.10 after reporting higher than […]