Tech Talk for Friday January 17th 2020

Jan 17 07:01 2020 Print This Article

Pre-opening Comments for Friday January 17th

U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.

Equity index futures were virtually unchanged following release of December Housing Starts released at 8:30 AM EST. Consensus was unchanged from November at 1.365 million units. Actual was 1.608 million units.

Gap Stores gained $1.19 to $19.80 after the company announced that it no longer will spin off its Old Navy division. The company also raised guidance. Deutsche Bank raised its target price on the stock to $18 from $15.

CSX dropped $1.87 to $74.87 after the company lowered revenue guidance.

State Street gained $1.87 to $83.01 after reporting higher than consensus fourth quarter revenues and earnings.

Adobe added $3.37 to $348.75 after Oppenheimer upgraded the stock to Outperform from Perform.

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