Tech Talk for Thursday October 17th 2019

Oct 17 06:10 2019 Print This Article

Pre-opening Comments for Thursday October 17th

U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade. Index futures responded to news that a tentative Brexit deal between the European Union and the United Kingdom has been reached.

Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the October Philly Fed Index was 8.0 versus 12.0 in September. Actual was 5.6. Consensus for September Housing Starts was 1.320 million units versus 1.364 million units in August. Actual was 1.256 million units. Consensus for Weekly Initial Jobless Claims was 215,000 versus 210,000 last week. Actual was 214,000.

IBM dropped $7.23 to 134.66 after reporting lower than consensus third quarter revenues.

Netflix gained $26.49 to $312.26 after reporting higher than consensus third quarter earnings.

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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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