U.S. stock-index futures fell on Thursday after data showed initial jobless claims unexpectedly increased for the previous week, adding to fears that rising COVID-19 cases and tighter restrictions to slow the spread of the virus would lead to further economic damage.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 25,634.34 | -93.80 | -0.36% |
Hang Seng | 26,356.97 | -187.32 | -0.71% |
Shanghai | 3,363.09 | +15.78 | +0.47% |
S&P/ASX | 6,547.20 | +16.10 | +0.25% |
FTSE | 6,340.74 | -44.50 | -0.70% |
CAC | 5,473.05 | -38.40 | -0.70% |
DAX | 13,111.44 | -90.45 | -0.69% |
Crude oil | $41.59 | -0.55% | |
Gold | $1,852.80 | -1.13% |
FXStreet notes that whilst analysts at Credit Suisse remain bullish on the S&P 500 Index, the break of gap support at 3585 on Wednesday is seeing adding weight to the view for further near-term consolidation and a test of support at 3519/09.
“The S&P 500 saw a sharp pullback at the end of the session on Wednesday as strength stalled ahead of the 3645 current high, never mind trend resistance from February, now at 3669, adding weight to our view a more cautious rather than aggressive bullish stance is warranted given a growing number of overextension measures - 88% of S&P 500 stocks are above their 200-day average and the market remains at the upper end of its ‘typical’ extreme.”
“With gap support at 3585 broken we look for further near-term ranging to thus emerge and a deeper pullback with support seen at 3553 next, then what we continue to look to be better support, starting at the 13-day exponential average at 3531 and stretching down to the recent lows and the price gap prior to the initial Pfizer vaccine announcement at 3519/09, which we continue to look to hold to form a potential bullish ‘pennant’ pattern.”
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 170 | 0.07(0.04%) | 3380 |
ALTRIA GROUP INC. | MO | 40.2 | 0.03(0.07%) | 10038 |
Amazon.com Inc., NASDAQ | AMZN | 3,107.01 | 1.55(0.05%) | 52120 |
American Express Co | AXP | 114 | -0.24(-0.21%) | 8599 |
AMERICAN INTERNATIONAL GROUP | AIG | 39.11 | 0.56(1.45%) | 105 |
Apple Inc. | AAPL | 117.94 | -0.09(-0.08%) | 565219 |
AT&T Inc | T | 28.68 | 0.06(0.21%) | 48356 |
Boeing Co | BA | 201 | -2.30(-1.13%) | 410952 |
Caterpillar Inc | CAT | 172.25 | -0.49(-0.28%) | 1282 |
Chevron Corp | CVX | 83.82 | -0.46(-0.55%) | 12474 |
Cisco Systems Inc | CSCO | 41.06 | -0.26(-0.63%) | 36012 |
Citigroup Inc., NYSE | C | 50.97 | -0.08(-0.16%) | 84847 |
Exxon Mobil Corp | XOM | 37.02 | -0.19(-0.51%) | 92870 |
Facebook, Inc. | FB | 271.32 | -0.65(-0.24%) | 60779 |
FedEx Corporation, NYSE | FDX | 283.31 | 0.81(0.29%) | 3825 |
Ford Motor Co. | F | 8.89 | 0.07(0.79%) | 295417 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 20.6 | -0.11(-0.53%) | 60346 |
General Electric Co | GE | 9.68 | -0.05(-0.51%) | 599560 |
General Motors Company, NYSE | GM | 42.94 | 0.22(0.52%) | 66405 |
Goldman Sachs | GS | 223.45 | -0.85(-0.38%) | 3302 |
Google Inc. | GOOG | 1,736.00 | -10.78(-0.62%) | 6428 |
Home Depot Inc | HD | 270.23 | 0.40(0.15%) | 8849 |
HONEYWELL INTERNATIONAL INC. | HON | 200 | -1.11(-0.55%) | 4415 |
Intel Corp | INTC | 45.08 | 0.02(0.04%) | 86782 |
International Business Machines Co... | IBM | 116.5 | -0.27(-0.23%) | 9201 |
Johnson & Johnson | JNJ | 147.3 | -0.07(-0.05%) | 8037 |
JPMorgan Chase and Co | JPM | 114.85 | -0.40(-0.35%) | 20403 |
Merck & Co Inc | MRK | 80.79 | 0.54(0.67%) | 10003 |
Microsoft Corp | MSFT | 210.8 | -0.28(-0.13%) | 126689 |
Nike | NKE | 131.13 | -0.50(-0.38%) | 1557 |
Pfizer Inc | PFE | 36.71 | 0.39(1.07%) | 482223 |
Procter & Gamble Co | PG | 139.5 | -0.20(-0.14%) | 2078 |
Starbucks Corporation, NASDAQ | SBUX | 97.53 | -0.38(-0.39%) | 8184 |
Tesla Motors, Inc., NASDAQ | TSLA | 494.9 | 8.26(1.70%) | 1794847 |
The Coca-Cola Co | KO | 52.59 | -0.02(-0.04%) | 16348 |
Twitter, Inc., NYSE | TWTR | 43.48 | 0.15(0.35%) | 26996 |
UnitedHealth Group Inc | UNH | 343.89 | -0.62(-0.18%) | 899 |
Verizon Communications Inc | VZ | 60.37 | 0.05(0.08%) | 3254 |
Visa | V | 207.5 | -0.33(-0.16%) | 6864 |
Wal-Mart Stores Inc | WMT | 149.1 | 0.01(0.01%) | 19470 |
Walt Disney Co | DIS | 143.19 | -0.71(-0.49%) | 17774 |
Yandex N.V., NASDAQ | YNDX | 61.37 | -0.35(-0.57%) | 521 |
JPMorgan Chase (JPM) downgraded to Mkt Perform from Outperform at Keefe Bruyette; target raised to $130
Citigroup (C) upgraded to Outperform from Mkt Perform at Keefe Bruyette; target raised to $65
NVIDIA (NVDA) reported Q3 FY 2020 earnings of $2.91 per share (versus $1.78 per share in Q3 FY 2019), beating analysts’ consensus estimate of $1.92 per share.
The company’s quarterly revenues amounted to $4.726 bln (+56.8% y/y), beating analysts’ consensus estimate of $4.422 bln.
The company also issued upside guidance for Q4 FY 2020, projecting revenues of $4.80 bln, +/- 2%, equating to $4.704-4.896 bln versus analysts’ consensus estimate of $4.43 bln.
NVDA fell to $529.00 (-1.52%) in pre-market trading.
| Index | Change, points | Closed | Change, % |
|---|---|---|---|
| NIKKEI 225 | -286.48 | 25728.14 | -1.1 |
| Hang Seng | 129.2 | 26544.29 | 0.49 |
| KOSPI | 6.49 | 2545.64 | 0.26 |
| ASX 200 | 32.9 | 6531.1 | 0.51 |
| FTSE 100 | 19.91 | 6385.24 | 0.31 |
| CAC 40 | 28.45 | 5511.45 | 0.52 |
| Dow Jones | -344.93 | 29438.42 | -1.16 |
| S&P 500 | -41.74 | 3567.79 | -1.16 |
| NASDAQ Composite | -97.74 | 11801.6 | -0.82 |