Market news
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14:21
S&P 500 Index: VIX above 200-DMA at 20.04 to increase risks for a deeper correction lower - Credit Suisse
FXStreet reports that the Credit Suisse analyst team notes that the S&P 500 continues to lose near-term momentum and has seen a test and hold for now from key support from its 13-day exponential average at 4503, and suggests that a close below here is needed to confirm a deeper corrective setback is underway.
“We continue to watch the VIX closely which has risen from the lower end of its two-month range and is now approaching its key resistance from its 200-day average at 20.04. A close above here would suggest strength can extend to the top of the range at 24.50, but would importantly also suggest the S&P 500 can see a deeper setback, reinforcing the current poor momentum picture.”
“A close below the 13-day exponential average at 4503 should confirm a corrective phase lower is indeed underway for a test of the 4469 recent low, with scope then for the potential uptrend from July and price support at 4452/42.”
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13:33
U.S. Stocks open: Dow -0.09%, Nasdaq +0.03%, S&P -0.08%
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13:26
Before the bell: S&P futures -0.07%, NASDAQ futures +0.05%
U.S. stock-index futures traded flat on Thursday, as investors digested the better-than-expected U.S. weekly jobless claims report and the ECB’s changes to the pace of its pandemic bond-buying program, and implications they could have for the Federal Reserve's decision on stimulus.
Global Stocks:
Index/commodity
Last
Today's Change, points
Today's Change, %
Nikkei
30,008.19
-173.02
-0.57%
Hang Seng
25,716.00
-604.93
-2.30%
Shanghai
3,693.13
+17.94
+0.49%
S&P/ASX
7,369.50
-142.50
-1.90%
FTSE
7,021.03
-74.50
-1.05%
CAC
6,680.71
+11.82
+0.18%
DAX
15,627.33
+17.05
+0.11%
Crude oil
$68.20
-1.59%
Gold
$1,796.70
+0.18%
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12:54
Wall Street. Stocks before the bell
(company / ticker / price / change ($/%) / volume)
3M Co
MMM
188.04
0.15(0.08%)
510
ALCOA INC.
AA
46.12
0.39(0.85%)
65127
ALTRIA GROUP INC.
MO
50.76
-0.12(-0.24%)
8511
Amazon.com Inc., NASDAQ
AMZN
3,529.10
3.60(0.10%)
17664
Apple Inc.
AAPL
155.39
0.28(0.18%)
475044
AT&T Inc
T
27.56
-0.04(-0.14%)
20676
Boeing Co
BA
211
-0.38(-0.18%)
57609
Caterpillar Inc
CAT
206.21
-0.56(-0.27%)
4303
Chevron Corp
CVX
96.1
-0.29(-0.30%)
67883
Cisco Systems Inc
CSCO
57.9
-0.78(-1.33%)
919005
Citigroup Inc., NYSE
C
69.93
-0.11(-0.16%)
30584
Deere & Company, NYSE
DE
370.05
-0.18(-0.05%)
2055
E. I. du Pont de Nemours and Co
DD
70.09
-0.53(-0.76%)
344
Exxon Mobil Corp
XOM
53.96
-0.09(-0.17%)
97490
Facebook, Inc.
FB
377.5
-0.07(-0.02%)
23447
FedEx Corporation, NYSE
FDX
259.3
-1.72(-0.66%)
12682
Ford Motor Co.
F
12.98
-0.05(-0.38%)
226432
Freeport-McMoRan Copper & Gold Inc., NYSE
FCX
34.77
0.40(1.16%)
220126
General Electric Co
GE
102.42
-0.16(-0.16%)
11318
General Motors Company, NYSE
GM
48.88
-0.09(-0.18%)
16971
Goldman Sachs
GS
403.51
-1.49(-0.37%)
1807
Google Inc.
GOOG
2,898.84
1.17(0.04%)
3241
Hewlett-Packard Co.
HPQ
28.2
0.01(0.04%)
497
Home Depot Inc
HD
330.75
-0.83(-0.25%)
588
HONEYWELL INTERNATIONAL INC.
HON
223.95
-0.45(-0.20%)
508
Intel Corp
INTC
53.55
-0.02(-0.04%)
33730
International Business Machines Co...
IBM
138.12
-0.55(-0.40%)
5536
Johnson & Johnson
JNJ
171.34
-0.56(-0.33%)
7366
JPMorgan Chase and Co
JPM
158.44
-0.06(-0.04%)
6875
McDonald's Corp
MCD
238.04
-0.58(-0.24%)
587
Merck & Co Inc
MRK
75.17
-0.19(-0.25%)
23491
Microsoft Corp
MSFT
300.47
0.26(0.09%)
44697
Nike
NKE
162.62
1.91(1.19%)
28295
Pfizer Inc
PFE
46.27
-0.24(-0.52%)
100639
Procter & Gamble Co
PG
144.24
-0.36(-0.25%)
621
Starbucks Corporation, NASDAQ
SBUX
117.82
-0.22(-0.19%)
7046
Tesla Motors, Inc., NASDAQ
TSLA
755.66
1.79(0.24%)
128157
The Coca-Cola Co
KO
56.32
-0.10(-0.18%)
7027
Twitter, Inc., NYSE
TWTR
62.48
0.21(0.34%)
20032
Verizon Communications Inc
VZ
54.89
-0.02(-0.04%)
29827
Visa
V
229.25
0.16(0.07%)
638844
Wal-Mart Stores Inc
WMT
147.15
-0.31(-0.21%)
1695
Walt Disney Co
DIS
185.21
0.06(0.03%)
63819
Yandex N.V., NASDAQ
YNDX
77.75
-0.53(-0.68%)
21943
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12:44
Initiations before the market open
Walt Disney (DIS) initiated with a Buy at Arete; target $263
Netflix (NFLX) initiated with a Buy at Arete; target $735
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12:43
Downgrades before the market open
Cisco (CSCO) downgraded to Equal-Weight from Overweight at Morgan Stanley; target raised to $59
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