Goldman Cuts Growth Forecasts; Futures Point Lower Monday
Stocks are pointed lower Monday morning. Goldman Sachs cut U.S. growth forecasts due to a delayed recovery in consumer spending. Meanwhile, the price of oil hit its highest price since 2014 as WTI crude topped $80 per barrel. The Dow Jones is down -0.23%, the S&P is down -0.42%, the Nasdaq is down -0.73%.
Quote of the Day
If you do something new, it will always look a little bit strange.
Stocks on the Move
- Hess Corp. (HES)
- Occidental Petroleum Corporation (OXY)
- Marathon Oil Corporation (MRO)
- Devon Energy Corp (DVN)
- Freeport-McMoRan Inc (FCX)
- Aptiv PLC (APTV)
- Southwest Airlines Co (LUV)
- American International Group Inc (AIG)
- NextEra Energy Inc (NEE)
- SYSCO Corporation (SYY)
Upgrades & Downgrades
- Autoliv Inc. (ALV)
- Starbucks Corporation (SBUX)
- Zuora Inc (ZUO)
- AG Mortgage Investment Trust Inc (MITT)
- Eli Lilly And Co (LLY)
- Carvana Co (CVNA)
- Banco de Sabadell SA (BNDSF)
- Atmos Energy Corporation (ATO)
- Exxon Mobil Corporation (XOM)
- Turning Point Therapeutics Inc (TPTX)
- Cloudflare Inc (NET)
- Hyliion Holdings Corp (HYLN)
Stocks in Asia are mixed. The Nikkei 225 is up 1.6%, the Hang Seng is up 1.51%, the Mumbai Sensex is up 0.13% the Shanghai SE Composite Index is down -0.01% and the Australia ASX All Ordinaries is down -0.21%. In Europe stocks are mixed. The FTSE 100 is up 0.16%, the CAC 40 is down -0.53%, the DAX is down -0.71% and the Euro Stoxx 50 is down -0.72%.
Futures & Currencies
Energy futures are up today. The price for West Texas Intermediate crude oil is up 2.4 at 81.75 per barrel. Brent crude is up 1.94 at 84.33 per barrel. Natural Gas is up 0.03 at 5.6. Precious metals are mixed this morning. Gold is down -1.36 at 1755.77 per ounce. Platinum is up 4.44 at 1033.03 while silver is down -0.08 at 22.63. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and down against the Pound.
Yesterday, 1,612,148 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 880,088 put contracts. The single-session put/call ratio was 0.55.
Today’s Economic Calendar
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