Tech Talk for Thursday July 12th 2018

Jul 12 06:07 2018 Print This Article

Pre-opening Comments for Thursday July 12th

U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points in pre-opening trade.

Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was 225,000 versus 232,000 last week. Actual was 214,00. Consensus for the June Consumer Price Index was an increase of 0.2% versus a gain of 0.2% in May. Actual was an increase of 0.1%. Excluding food and energy, consensus for the June Consumer Price Index was an increase of 0.2% versus a gain of 0.2% in May. Actual was an increase of 0.2%.

Costco added $0.45 to $211.40 after JP Morgan raised its target price to $227 from $212.

Delta Airlines advanced $0.88 to $50.72 after reporting higher than consensus second quarter earnings.

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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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