Tech Talk for Friday March 8th 2019

Mar 08 07:03 2019 Print This Article

Pre-opening Comments for Friday March 8th

U.S. equity index futures were lower this morning. S&P 500 futures were down 21 points in pre-opening trade. The drop in index futures was prompted by a 4.4% fall by the Shanghai Composite Index following news of a slowdown in Chinese trade.

Index futures moved lower following release of economic news at 8:30 AM EST. Consensus for January Housing Starts was an increase to 1.190 million units from 1.078 million units in December. Actual was 1.23 million units. Consensus for February Non-farm Payrolls was 180,000 versus upwardly revised 311,000 in January. Actual was 20,000. Consensus for February Unemployment Rate was 3.9% versus 4.0% in January. Actual was 3.8%. Consensus for February Hourly Earnings was an increase of 0.3% versus a gain of 0/1% in January. Actual was an increase of 0.4%.

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