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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