Major indices are up slightly in the pre-market Wednesday. European leadership is scheduled to meet at a summit in Brussels today to discuss an extension of Britain’s departure from the European Union. Leaders will debate whether to delay Brexit through the end of 2019 or to seek a 12-month delay extending through March 2020. Both extensions will force the U.K. to participate in upcoming European elections next month, which has been a source of dismay among Britain’s Conservative Party MPs and puts additional pressure on Prime Minister Theresa May. The S&P 500 is up 0.19%, the Nasdaq is up 0.17%, the Dow Jones is up 0.16%.
Today's market outlook is Neutral
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Stocks on the Move
Under Armour Inc Class A (UAA), Delta Air Lines, Inc. (DAL) and Nordstrom, Inc. (JWN) are moving higher this morning, while W W Grainger Inc (GWW), Boston Scientific Corporation (BSX) and Tractor Supply Company (TSCO) are headed lower. Exelon Corporation (EXC), Cerner Corporation (CERN) and Nordstrom, Inc. (JWN) were upgraded by analysts this morning, while Novartis AG (NVS), AmerisourceBergen Corp. (ABC) and Apple Inc. (AAPL) were downgraded.
Stocks in Asia are mixed. The Mumbai Sensex is up 0.62%, the Shanghai SE Composite Index is up 0.07%, the Australia ASX All Ordinaries is up 0.02% the Hang Seng is down -0.13% and the Nikkei 225 is down -0.53%. In Europe stocks are mixed. The DAX is up 0.44%, the CAC 40 is up 0.32%, the Euro Stoxx 50 is up 0.31% and the FTSE 100 is flat.
Futures and Currencies
Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.38 at 64.36 per barrel. Brent crude is up 0.23 at 70.84 per barrel. Natural Gas is up 0.03 at 2.73. Precious metals are up this morning. Gold is up 0.07 at 1304.17 per ounce. Platinum is up 1.64 at 893.51 while silver is up 0.02 at 15.23. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and down against the Pound.
Yesterday, 912,676 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 525,321 put contracts. The single-session put/call was 0.58 while the 20-day moving average is now at 0.6.
Day's Range:$292.07 - $293.16
52-week Range:$293.94 - $233.76
Day's Range:$265.73 - $266.70
52-week Range:$269.28 - $216.97
Day's Range:$189.65 - $190.71
52-week Range:$190.54 - $143.46
Today's Economic Calendar
|What's Happening||Period||Release Time|
|MBA Mortgage Applications Index||04/06||07:00|
|EIA Crude Oil Inventories||04/06||10:30|