Good morning. US equity futures are moderately higher, SPX +13pts, we’re set to open at 3466. USD is -0.2% in the DXY 92.79s. The precious metals are leaning upward, Gold +$5, with Silver +0.5%. WTIC is +0.2% in the $40s.
sp’60min
Summary
Yesterday was much like the precious two days… considerable chop, if leaning on the positive side. S/t momentum ticked upward into the close, and is on the moderately higher side.
We’re set to open on a positive note, around s/t descending trend, that stretches back to Oct’12th.
Clearly, the market is still waiting on Pelosi or Mnuchin to issue further news on whether stim bill 4 is nearing agreement.
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Early movers
AAPL +0.5%
AMD +1.3%, earnings due next Tues’
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AXP -2.7%, EPS $1.30 vs 1.35est. Rev’ y/y -20.4% to $8.7bn inline. Lower credit card spending… due to less travel/tourism. I expect American Express to get the Dow kick… sooner or later.
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BAC +0.6%
BCS +6.9%, post earnings jump
CRSR +2.7%
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CLF +0.5%, EPS -2cents vs -12est (+33cents prior yr). Rev’ $1.65bn vs 1.67est ($0.56bn prior yr). Higher commodity prices in 2021 sure would help.
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DIS +0.4%
F +0.8%
FCX +0.7%, with copper -1cent to $3.14
GDX +0.4%
GOLD +0.3%
GILD +4.6%, FDA approve Remdesivir to treat Corona
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INTC -9.7%, post earnings horror
JPM +0.6%
LVS +0.9%
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LYFT -1.5%, Cal’ appeals court rules company must rule drivers as employees
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MAT +7.7%, post earnings jump
MSFT +0.2%
NEM +0.3%
STX -3.5%, post earnings depression
TSLA -0.7%, China recall of 48k vehicles.
UBER -1.9%, Cal’ appeals court ruling
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VIX -1% in the 27s
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WDC -1.8%, in sympathy with Seagate (STX)
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WFC +1.1%, chatter it might sell the asset mgmt business, which is arguably just another sign of desperation
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ZM +0.8%
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Overnight markets
Asian markets were a touch higher, whilst European markets are ending the week on a significantly positive note…
Japan: +0.2% at 23516
China: CLOSED
South Korea: +0.2% at 2360
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Germany: currently +1.1% at 12685
UK: currently +1.5% at 5870
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Have a good Friday