Futures trading indicates a higher open for U.S. stocks Friday. With little in the way of news overnight, it seems like traders are content to continue yesterday’s rally. The Nasdaq is up 0.32%, the S&P 500 is up 0.14%, the Dow Jones is up 0.13%.
Today's market outlook is Neutral
Business is a sprint until you find an opportunity, then it's the patience of a marathon runner.
Stocks on the Move
Advanced Micro Devices, Inc. (AMD), Wynn Resorts, Limited (WYNN) and L Brands Inc (LB) are moving higher this morning, while NiSource Inc. (NI), CROWN CASTLE In/SH SH (CCI) and Costco Wholesale Corporation (COST) are headed lower. Parker-Hannifin Corp (PH), Helmerich & Payne, Inc. (HP) and Corning Incorporated (GLW) were upgraded by analysts this morning, while DDR Corp (DDR), Tandem Diabetes Care Inc (TNDM) and Dunkin Brands Group Inc (DNKN) were downgraded.
Stocks in Asia are mixed. The Nikkei 225 is up 1.2%, the Hang Seng is up 1.01%, the Mumbai Sensex is up 0.99% the Australia ASX All Ordinaries is up 0.58% and the Shanghai SE Composite Index is down -0.18%. In Europe stocks are up. The DAX is up 0.28%, the CAC 40 is up 0.24%, the FTSE 100 is up 0.21% and the Euro Stoxx 50 is up 0.07%.
Futures and Currencies
Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.27 at 68.86 per barrel. Brent crude is up 0.09 at 78.27 per barrel. Natural Gas is down -0.01 at 2.81. Precious metals are mixed this morning. Gold is up 1.3 at 1203.4 per ounce. Platinum is up 6.49 at 806.52 while silver is down -0.01 at 14.23. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound.
Yesterday, 1,340,299 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 669,873 put contracts. The single-session put/call was 0.50 while the 20-day moving average is now at 0.6.
Earnings Expected Today
Day's Range:$296.96 - $300.07
52-week Range:$301.13 - $233.76
Day's Range:$271.36 - $273.34
52-week Range:$273.99 - $216.97
Day's Range:$190.81 - $193.83
52-week Range:$194.19 - $143.46
Today's Economic Calendar
|What's Happening||Period||Release Time|
|Univ. of Michigan Consumer Sentiment||Sep||10:00|