Futures are headed for a slightly higher Open Friday. The monthly employment report scheduled for 8:30 a.m. is expected to show the economy added 1 million jobs in April, up from 916,000 in March. Meanwhile, the unemployment rate is expected to drop to 5.8% from 6.0% in March. Recent trade data has shown that Chinese exports have grown more than expected and that imports have grown the fastest since 2011. The Dow Jones is up 0.28%, the S&P is up 0.19%, the Nasdaq is up 0.16%.
Quote of the day
The goal of argument or discussion should not be victory, but progress.
Stocks in motion
- Tapestry Inc (TPR)
- EOG Resources Inc (EOG)
- Freeport-McMoRan Inc (FCX)
- Norwegian Cruise Line Holdings Ltd (NCLH)
- MGM Resorts International (MGM)
- Aptiv API (APTV)
- Western Union Company (WU)
- Halliburton Company (HAL)
- Perrigo Company PLC (PRGO)
- Pioneer Natural Resources Co (PXD)
Upgrades and Downgrades
- Albemarle Corporation (ALB)
- Altair Engineering Inc (ALTR)
- Etsy Inc (ETSY)
- Brinker International, Inc. (EAT)
- Azul SA (AZUL)
- DISCOVERY COMMUNICATIONS INC. Ordinary shares (DISCA)
- Air Products & Chemicals, Inc. (APD)
- At Home Group Inc (HOME)
- ChemoCentryx Inc (CCXI)
- Leaf Group Ltd (LEAF)
- Vereit Inc (VER)
- Manulife Financial Corporation (MFC)
Inventories in Asia are mixed. Mumbai Sensex is up 0.52%, Australian ASX All Ordinaries is up 0.26%, Nikkei 225 is up 0.09%, Hang Seng is down -0.09 % and the Shanghai SE Composite Index is down -0.65%. In Europe, stocks are on the rise. The DAX is up 1.23%, the FTSE 100 0.61%, the Euro Stoxx 50 0.56% and the CAC 40 0.2%.
Futures and currencies
Energy futures are mixed today. The price of West Texas Intermediate crude is down -0.15 to 64.56 per barrel. Brent is down -0.13 to 67.96 per barrel. Natural gas is up 0.01 to 2.94. Precious metals are mixed this morning. Gold is up 3.19 to 1,818.41 an ounce. Platinum is down -3.09 to 1251.96 while Silver is down -0.11 to 27.37. The dollar is mixed against today’s major currencies. The greenback is up against the euro, against the yen and down against the pound.
Put / Call Ratio
Yesterday 1,539,138 buy contracts were traded on the Chicago Board Options Exchange (CBOE) against 877,999 sell contracts. The put / call ratio for a single session was 0.57.
Today’s economic calendar
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