U.S. stock-index futures traded mixed and little changed on Friday as investors continued to grapple with worries about the economic impact of the COVID-19 Delta variant and uncertainties about the Fed's taper timeline.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 27,013.25 | -267.92 | -0.98% |
Hang Seng | 24,849.72 | -466.61 | -1.84% |
Shanghai | 3,427.33 | -38.22 | -1.10% |
S&P/ASX | 7,460.90 | -3.70 | -0.05% |
FTSE | 7,050.84 | -8.02 | -0.11% |
CAC | 6,591.89 | -14.00 | -0.21% |
DAX | 15,711.46 | -54.35 | -0.34% |
Crude oil | $62.33 | -1.84% | |
Gold | $1,781.70 | -0.08% |
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 193.22 | -0.67(-0.34%) | 652 |
ALCOA INC. | AA | 37.36 | 0.44(1.19%) | 87289 |
ALTRIA GROUP INC. | MO | 48.23 | -0.01(-0.02%) | 13047 |
American Express Co | AXP | 157.55 | -1.48(-0.93%) | 1028 |
AMERICAN INTERNATIONAL GROUP | AIG | 52.5 | -0.46(-0.87%) | 204 |
Apple Inc. | AAPL | 147.26 | 0.56(0.38%) | 597885 |
AT&T Inc | T | 27.55 | 0.02(0.07%) | 138166 |
Boeing Co | BA | 212.05 | -0.11(-0.05%) | 58360 |
Caterpillar Inc | CAT | 205 | 0.55(0.27%) | 5695 |
Chevron Corp | CVX | 93.66 | -0.63(-0.67%) | 23079 |
Cisco Systems Inc | CSCO | 57.29 | 0.02(0.03%) | 32249 |
Citigroup Inc., NYSE | C | 69.65 | -0.19(-0.27%) | 12581 |
Deere & Company, NYSE | DE | 365.25 | 6.27(1.75%) | 41808 |
E. I. du Pont de Nemours and Co | DD | 72.63 | -0.29(-0.39%) | 410 |
Exxon Mobil Corp | XOM | 52.25 | -0.48(-0.91%) | 74976 |
Facebook, Inc. | FB | 355 | -0.12(-0.03%) | 28132 |
FedEx Corporation, NYSE | FDX | 266.75 | -0.81(-0.30%) | 2145 |
Ford Motor Co. | F | 12.64 | -0.03(-0.24%) | 252931 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 32.27 | -0.15(-0.46%) | 56661 |
General Electric Co | GE | 99.25 | -0.17(-0.17%) | 12939 |
General Motors Company, NYSE | GM | 48.94 | -0.14(-0.29%) | 63805 |
Goldman Sachs | GS | 392.81 | -0.76(-0.19%) | 4203 |
Hewlett-Packard Co. | HPQ | 27.66 | -0.12(-0.43%) | 3936 |
Intel Corp | INTC | 52.4 | -0.04(-0.08%) | 30204 |
International Business Machines Co... | IBM | 137.95 | -0.07(-0.05%) | 1547 |
Johnson & Johnson | JNJ | 177.93 | -0.64(-0.36%) | 1537 |
JPMorgan Chase and Co | JPM | 153.85 | -0.43(-0.28%) | 19905 |
Merck & Co Inc | MRK | 78.35 | -0.11(-0.14%) | 4453 |
Microsoft Corp | MSFT | 298.51 | 1.74(0.59%) | 157806 |
Nike | NKE | 165.49 | -0.10(-0.06%) | 4960 |
Pfizer Inc | PFE | 48.85 | 0.05(0.10%) | 147184 |
Procter & Gamble Co | PG | 144.68 | -0.31(-0.21%) | 1028 |
Starbucks Corporation, NASDAQ | SBUX | 114 | -0.32(-0.28%) | 3874 |
Tesla Motors, Inc., NASDAQ | TSLA | 683.37 | 9.90(1.47%) | 437704 |
The Coca-Cola Co | KO | 56.75 | -0.11(-0.19%) | 9261 |
Twitter, Inc., NYSE | TWTR | 62.21 | 0.16(0.26%) | 16380 |
Verizon Communications Inc | VZ | 55.29 | -0.08(-0.14%) | 52926 |
Visa | V | 231.14 | -0.43(-0.19%) | 1156 |
Wal-Mart Stores Inc | WMT | 149.75 | -0.36(-0.24%) | 2667 |
Walt Disney Co | DIS | 173 | -0.25(-0.14%) | 17019 |
Yandex N.V., NASDAQ | YNDX | 68.02 | -0.23(-0.34%) | 2269 |
FXStreet notes that S&P 500 managed to recover off its lows on Thursday but economists at Credit Suisse remain of the view a corrective phase is underway. A close below 4425 today would see a bearish “reversal week” established to add further downside pressure.
“It is quite possible we may see a bearish ‘reversal week’ if we see a close below key support at 4225 today, further increasing near-term bearish pressures. This is in addition to the broader ‘risk-off’ signals with a base in the USD now seen in place.”
“We look for a retest of 4368/64, below which is expected to see a test of what we look to be better support at 4328/18 – the key rising 63-day average and the 38.2% retracement of the rally from May. Our bias would be to look for a floor here. A close below 4318 though would instead warn of a more protracted correction lower.”
“Resistance stays seen at 4418/19 initially, with 4424/28 ideally capping to keep the immediate risk lower.”
Deere (DE) reported Q3 FY 2021 earnings of $5.32 per share (versus $2.57 per share in Q3 FY 2020), beating analysts’ consensus estimate of $4.58 per share.
The company’s quarterly revenues amounted to $10.413 bln (+32.5% y/y), roughly in line with analysts’ consensus estimate of $10.332 bln.
DE closed Thursday's trading session at $358.98 (-3.40%).
Applied Materials (AMAT) reported Q3 FY 2021 earnings of $1.90 per share (versus $1.06 per share in Q3 FY 2020), beating analysts’ consensus estimate of $1.78 per share.
The company’s quarterly revenues amounted to $6.196 bln (+41.0% y/y), beating analysts’ consensus estimate of $5.919 bln.
AMAT fell to $127.77 (-1.11%) in pre-market trading.