Pre-opening Comments for Wednesday July 31st U.S. equity index futures moved higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Investors are waiting for an update on monetary policy by the Federal Reserve to be released at 2:00 PM EDT. Consensus is that the Fed Fund rate will drop by 0.25% […]

Pre-opening Comments for Tuesday July 30th U.S. equity index futures moved lower this morning. S&P 500 futures were down 12 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for June Personal Spending was an increase of 0.3% versus a gain of 0.4% in May. […]

Pre-opening Comments for Monday July 29th U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point in pre-opening trade. Mylan jumped $3.37to $21.80 after the company announced a deal to merge with Pfizer’s Upjohn division. Cooper Tire (CTB $30.47) is expected to open lower after lower than consensus second quarter […]

Pre-opening Comments for Friday July 26th U.S. equity index futures moved higher this morning. S&P 500 futures were up 5 points in pre-opening trade. Index futures were virtually unchanged following release of U.S. second quarter real GDP at 8:30 AM EDT. Consensus is growth at a 2.0% rate versus growth at a 3.1% rate in […]

Pre-opening Comments for Thursday July 25th U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade. Index futures were virtually unchanged following release of U.S. economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims is an increase to 219,000 from 216,000 last week. Actual was […]