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.

 

EquityClock’s Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/03/15/stock-market-outlook-for-march-18-2019/

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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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