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NewsWare's Trade Talk: Tuesday, June 18
Manage episode 424226617 series 3349023
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S&P Futures are slightly higher with this morning report on Retail Sales in focus. Estimated are looking for a gain of 0.20 in May after a soft April reading. Statements from Fed officials on a possible December rate cut is helping tech stocks. Today the calendar is packed with a host of Fed speakers. LZN & LEN reported positive earnings last night, LEN's pricing margins were weaker than expected. Shares of Boeing are lower as the DOJ considers taking action, tomorrow the CEO is scheduled to appear before the Senate. In Europe, markets are positive with gains in banks, travel and tech. Oil prices are tick slightly lower, with this afternoon's stockpiles report in focus.
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