Pre-opening Comments for Tuesday August 31st U.S. equity index futures are down again this morning. S&P 500 futures are off another 4 points in pre-opening trade. Traders are concerned about economic news to be released later this week that confirms a slow down in growth. In addition, traders are concerned about possible implications of Hurricane [...]

Pre-opening Comments for Monday August 30th U.S. equity index futures are slightly lower morning. The S&P 500 Index futures were down 3 points in pre-opening trade. Investors are starting to focus on the possibility of Hurricane Earl reaching the U.S. east coast later this week. Index futures were unchanged following release of economic news at [...]

Pre-opening Comments for Friday August 27th U.S. index futures are higher this morning. S&P 500 futures are up 7 points in pre-opening trade. Index futures responded to news at 8:30 AM EDT that revised annualized second quarter GDP growth declined less than expected. Consensus for growth was 1.4% versus the initial estimate of 2.4%. Actual [...]

Pre-opening Comments for Thursday August 26th U.S. index futures are higher this morning. S&P 500 futures are up 5 points in pre-opening trade. Index futures responded favourably to the weekly jobless claims report. Consensus for jobless claims was 490,000. Actual was 473,000, down 31,000 from last week’s revised figure. Traders are waiting for news from [...]

Pre-opening Comments for Wednesday August 25th U.S. index futures are lower this morning. S&P 500 futures are down 8 points in pre-opening trade. Index futures are responding partially to a downgrade of Ireland’s sovereign debt rating by Standard & Poor’s. Index futures further weakened following release of the July Durable Goods Orders report at 8:30 [...]