Tech Talk for Thursday March 12th 2020

Mar 12 06:03 2020 Print This Article

Pre-opening Comments for Thursday March 12th

U.S equity index futures were lower this morning. S&P 500 futures were down 139 points. Index futures are responding to growing coronavirus fears.

Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the February Producer Price Index was a slip of 0.1% versus a gain of 0.5% in January. Actual was a decline of 0.3%. Excluding food and energy, consensus for the February Producer Price Index was a gain of 0.1% versus a gain of 0.5% in January. Actual was a decline of 0.6%. Consensus for Weekly Jobless Claims was an increase to 218,000 from 215,000 last week. Actual was 211,000.

Airline stocks are expected to open lower after President Trump initiated a 30 day travel to Europe ban.

Darden Restaurants dropped $4.80 to $65.41 after Oppenheimer lowered its target price from $125 to $96.

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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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