Good morning. US equity futures are fractionally weak (ahead of the jobs data), SPX -1pt, we’re set to open at 3566. USD is +0.3% in the DXY 92.60s. The precious metals are still falling, Gold -$7 (printing $1853s), with Silver -1.3% (printing $23.79). WTIC is -0.1% in the $41s.
sp’60min
Summary
Yesterday saw considerable chop, but with price spiraling lower in the late afternoon, partly ‘inspired’, by NYC school closure chatter. S/t momentum settled on the very low side.
Overnight futures have been a little choppy, and we’re set to open flat/fractionally lower.
This morning’s higher dollar isn’t helping gold/silver, which is naturally impacting the related miners.
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Early movers
AAL +1.1%
AAPL -0.1%
AMD -0.3%
AMZN +0.4%, another day… another box
BA -0.8%
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BJ -2.6%, EPS 92cents vs 65est. Rev’ y/y +15.7% to $3.65bn vs 3.68est. COMPS +14.1%. Broadly good.
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BILI +4.5%, post earnings jump
CCL +1.3%, bouncing shippers
CREE +4.1%, JPM 85>90
BAC +0.3%
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CRSR +2.6%, remaining s/t very strong
DIS -0.3%
DKNG +3.2%, s/t strong
F +0.9%
FCX -0.5%, with copper -1cent to $3.18
GDX -0.7%
GOLD -0.6%
GPRO -5.4%
KEYS -1.6%, post earnings cooling
LB +16.9%, post earnings jump
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M -4.3%, EPS -19cents vs -82est. Rev’ y/y -22.9% to $4.0bn vs 3.9est. Digital sales now comprise 38% of all sales. COMPS -21.0%. Holiday outlook…. lousy.
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MU -0.5%
NCLH +1.1%, bouncing shippers
NIO +0.9%
NVDA -1.4%, post earnings cooling
PFE +1.1%
PLTR +3.0%
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SNAP +1.6%
SHOP +1.4%
SONO +20.8%, post earnings jump
SPOT +1.6%
SQ +4.1%, investing $18M in Italian ‘Statispay’
TSLA +2.3%
TLT +0.3%, yields still cooling
TWTR -0.2%
UAL +0.6%
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VIX -1% in the 23s
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WYNN +1.4%
XOM -0.2%
ZM -1.5%, still flooring building
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Overnight markets
Asian markets were moderately mixed, whilst European markets are moderately lower…
Japan: -0.4% at 25634
China: +0.5% at 3363
Germany: currently -0.7% at 13107
UK: currently -0.6% at 6346
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Have a good Thursday