Pre-opening Comments for Wednesday March 22nd 2023 U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT. Focus today is on the FOMC announcement on monetary policy released at 2:00 PM EDT. Consensus is calling for another 0.25% increase in the Fed Fund Rate for a […]

Pre-opening Comments for Tuesday March 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:30 AM EDT. Economic news released at 8:30 AM EDT could influence opening equity prices in Canada: February Canadian Consumer Price Index was expected to increase 0.7% versus a gain of 0.5% in […]

Pre-opening Comments for Monday March 20th U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:30 AM EDT. Concerns about Credit Suisse’ viability was relieved after UBS acquired the company for $3.2 billion CF Industries slipped $0.43 to $70.50 after announcing acquisition of an ammonia plant in Louisiana […]

Pre-opening Comments for Friday March 17th U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 8:30 AM EDT. FedEx advanced $23.55 to $227.60 after reporting higher than consensus fiscal third quarter earnings. The company also raised guidance for the fourth quarter. Groupon dropped $0.32 to $4.58 after reporting […]

Pre-opening Comments for Thursday March 16th U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Index futures were virtually unchanged following release of the March Philly Fed Index and February Housing Starts at 8:30 AM EDT. Consensus for the Philly Fed Index was -7.50 versus -5.80 in February. […]