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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Timing the Market

Tech Talk is a free stock market letter service offering free daily reports on equity markets, sectors, commodities and exchangetraded funds. The Web site has recently received an average of 1.6 million hits per month from 130 countries.

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