Tech Talk for Wednesday July 10th 2019

Jul 10 06:07 2019 Print This Article

Pre-opening Comments for Wednesday July 10th

U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade. Investors are waiting for testimony before Congress by Federal Reserve chairman Jerome Powell at 10:00 AM EDT.

The Canadian Dollar was virtually unchanged at U.S. 76.26 cents prior to a statement on monetary policy by the Bank of Canada to be released at 10:00 AM EDT. The Bank of Canada’s overnight lending rate is expected to remain unchanged at 1.75%.

Bombardier (BBD.B $2.22) is expected to open lower after the company announced plans to lay off 550 employees at its railcar division in Thunder Bay.

Levi Strauss dropped $1.73 to $21.93 after reporting less than consensus second quarter earnings.

Comcast added $0.97 to $43.95 after Goldman Sachs upgraded the stock to Buy from Hold. Target price was raised to $54 from $44.

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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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