U.S. stock-index futures rose on Thursday, as investors weighed better-than-expected jobless claims against a spike in coronavirus cases that could prolong the current economic downturn.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 22,529.29 | +90.64 | +0.40% |
Hang Seng | 26,210.16 | +80.98 | +0.31% |
Shanghai | 3,450.59 | +47.15 | +1.39% |
S&P/ASX | 5,955.50 | +35.20 | +0.59% |
FTSE | 6,130.98 | -25.18 | -0.41% |
CAC | 4,996.65 | +15.52 | +0.31% |
DAX | 12,692.95 | +198.14 | +1.59% |
Crude oil | $40.84 | -0.15% | |
Gold | $1,818.60 | -0.11% |
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 154.6 | 0.02(0.01%) | 6211 |
ALCOA INC. | AA | 11.15 | 0.06(0.54%) | 15003 |
ALTRIA GROUP INC. | MO | 39.91 | 0.04(0.10%) | 5161 |
Amazon.com Inc., NASDAQ | AMZN | 3,118.67 | 37.56(1.22%) | 74072 |
American Express Co | AXP | 92.61 | -0.29(-0.31%) | 7826 |
AMERICAN INTERNATIONAL GROUP | AIG | 29.95 | 0.10(0.34%) | 4052 |
Apple Inc. | AAPL | 385.08 | 3.71(0.97%) | 336165 |
AT&T Inc | T | 30.03 | 0.09(0.30%) | 350439 |
Boeing Co | BA | 180.29 | 0.21(0.12%) | 221421 |
Caterpillar Inc | CAT | 128 | -0.13(-0.10%) | 25879 |
Chevron Corp | CVX | 86.31 | -0.04(-0.05%) | 22657 |
Cisco Systems Inc | CSCO | 46.93 | 1.12(2.44%) | 255115 |
Citigroup Inc., NYSE | C | 50.98 | 0.10(0.20%) | 23878 |
Deere & Company, NYSE | DE | 158.45 | 0.07(0.04%) | 130 |
Exxon Mobil Corp | XOM | 43.15 | 0.01(0.02%) | 49713 |
Facebook, Inc. | FB | 245.5 | 1.92(0.79%) | 88396 |
FedEx Corporation, NYSE | FDX | 159 | 0.44(0.28%) | 289244 |
Ford Motor Co. | F | 6.1 | 0.01(0.16%) | 121804 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 13.07 | 0.25(1.95%) | 81532 |
General Electric Co | GE | 6.85 | -0.01(-0.14%) | 174362 |
General Motors Company, NYSE | GM | 24.95 | 0.01(0.04%) | 9844 |
Goldman Sachs | GS | 202.01 | -0.24(-0.12%) | 14853 |
Google Inc. | GOOG | 1,505.00 | 9.00(0.60%) | 6223 |
Hewlett-Packard Co. | HPQ | 16.61 | -0.14(-0.84%) | 1076 |
Home Depot Inc | HD | 249.5 | 0.33(0.13%) | 19785 |
Intel Corp | INTC | 58.2 | -0.41(-0.70%) | 62827 |
International Business Machines Co... | IBM | 117.85 | 0.14(0.12%) | 7463 |
Johnson & Johnson | JNJ | 143 | -0.27(-0.19%) | 20347 |
JPMorgan Chase and Co | JPM | 93.8 | 0.50(0.54%) | 86538 |
Merck & Co Inc | MRK | 77.98 | 0.06(0.08%) | 6079 |
Microsoft Corp | MSFT | 215.95 | 3.12(1.47%) | 331663 |
Nike | NKE | 98.83 | -0.01(-0.01%) | 6166 |
Procter & Gamble Co | PG | 122.62 | -0.27(-0.22%) | 20240 |
Starbucks Corporation, NASDAQ | SBUX | 74.2 | 0.06(0.08%) | 13120 |
Tesla Motors, Inc., NASDAQ | TSLA | 1,389.73 | 23.85(1.75%) | 229858 |
The Coca-Cola Co | KO | 45.2 | 0.13(0.29%) | 28947 |
Twitter, Inc., NYSE | TWTR | 35.86 | 0.45(1.26%) | 168690 |
UnitedHealth Group Inc | UNH | 298 | -0.36(-0.12%) | 5389 |
Verizon Communications Inc | VZ | 54.58 | -0.19(-0.34%) | 45950 |
Visa | V | 195.1 | 0.03(0.02%) | 9379 |
Wal-Mart Stores Inc | WMT | 126 | 1.56(1.25%) | 55025 |
Walt Disney Co | DIS | 117.15 | 0.49(0.42%) | 37806 |
Yandex N.V., NASDAQ | YNDX | 51.05 | 0.82(1.63%) | 7473 |
FXStreet reports that according to the Credit Suisse analyst team, S&P 500 is expected to see further consolidation beneath the top of the price gap from early June and downtrend from March at 3184/90, with key near-term support seen at 3119/13.
“The S&P 500 remains in its high-level consolidation range following its expected rejection from our next flagged resistance from the top of the price gap from early June and potential downtrend from March at 3188/90 and the completion of a small bearish ‘reversal day’ on Tuesday is seen adding weight to our view that we should now look for a fresh move lower in the broader high-level consolidation range.”
“Support remains seen at the lower end of the price gap from Monday at 3130/25, then more importantly the 13-day average and 38.2% retracement of the most recent swing higher at 3119/13, with fresh buyers expected here. A closing break can reinforce the view we are set for a much lengthier consolidation phase, with support seen next at 3092.”
“Resistance is seen at 3174 initially, with 3184/90 expected to remain fairly for now. Above though can quickly reassert an upward bias for a look at the 3223/33 June highs.”
“The VIX continues to hold key support from its 200-day average and June low at 26.22/23.54 and we look for a fresh rise from here in line with our corrective view above, with resistance seen initially at 33.20.”
Microsoft (MSFT) target raised to $260 from $220 at Wedbush
Bank of America (BAC) downgraded to Neutral from Buy at DA Davidson; target lowered to $25
Cisco (CSCO) upgraded to Overweight from Equal-Weight at Morgan Stanley; target $54
JPMorgan Chase (JPM) upgraded to Buy from Neutral at DA Davidson; target raised to $117
Walgreens Boots Alliance (WBA) reported Q3 FY 2020 earnings of $0.83 per share (versus $1.47 per share in Q3 FY 2019), missing analysts’ consensus estimate of $1.22 per share.
The company’s quarterly revenues amounted to $34.631 bln (+0.1% y/y), generally in line with analysts’ consensus estimate of $34.318 bln.
The company also issued downside guidance for FY 2020, projecting EPS of $4.65-4.75 versus analysts’ consensus estimate of $5.49.
WBA fell to $40.36 (-4.56%) in pre-market trading.
| Index | Change, points | Closed | Change, % |
|---|---|---|---|
| NIKKEI 225 | -176.04 | 22438.65 | -0.78 |
| Hang Seng | 153.52 | 26129.18 | 0.59 |
| KOSPI | -5.29 | 2158.88 | -0.24 |
| ASX 200 | -92.6 | 5920.3 | -1.54 |
| FTSE 100 | -33.74 | 6156.16 | -0.55 |
| DAX | -121.99 | 12494.81 | -0.97 |
| CAC 40 | -62.6 | 4981.13 | -1.24 |
| Dow Jones | 177.1 | 26067.28 | 0.68 |
| S&P 500 | 24.62 | 3169.94 | 0.78 |
| NASDAQ Composite | 148.61 | 10492.5 | 1.44 |