Tech Talk for Monday March 18th 2019

Mar 18 06:03 2019 Print This Article

Pre-opening Comments for Monday March 18th

U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Index futures responded partially to a 2.47% gain by the Shanghai Composite Index in overnight trade.

WTI Crude Oil added $0.15 to $58.72 after OPEC cancelled its April meeting implying extension of output cuts to its next meeting in June.

Boeing dropped $8.99 to $370.00 after Federal prosecutors announced investigation of the Boeing 737 Max development.

Facebook dropped $1.69 to $164.29 after Needham downgraded the stock to Hold from Buy. Citigroup lowered its target price to $187 from $205.

Chipotle added $3.50 to $642.50 after Piper Jaffray raised its target price to $725 from $661.


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