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Candle Lighting Time for Albany, NY:
Friday, June 23, 2017 8:19 pm

Financial updates

finance-markets16By Benjamin J. Chuckrow
Friday, June 23, 2017 – Stock index futures are fluctuating ahead of the open Friday. The Dow and Nasdaq 100 are down 0.1% in pre-market action. The S&P 500 is trading fractionally above fair value on GLOBEX.

The major averages are poised to open mixed as investors await economic releases and speeches from Federal Reserve officials. On the data front, updates on services PMI and new home sales will be released shortly after the opening bell. In central bank news, St. Louis President James Bullard, Cleveland’s Loretta Mester and Governor Jerome Powell will provide remarks on Friday.

In earnings, Bed Bath & Beyond is sliding 10.3% to $30.28 as the home goods retailer missed estimates on the top and bottom lines. Caterpillar is losing 1% to $102.85 after being the subject of negative analyst commentary.

European markets are retreating near mid-session with the broad Euro STOXX 600 down 0.3%. On the data front, a report showed that economic activity across the 19-country Eurozone fell to a five-month low in June. In the political landscape, Prime Minister Theresa May told leaders at the EU summit that almost all 3 million EU citizens in the U.K. will be able to continue to live in the country after Brexit. In Asia, Japan’s Nikkei 225 added 0.1% as crude oil halted its recent descent. Chinese equities finished mostly higher with the Shanghai Composite gaining 0.3%.

Treasuries are fluctuating with the benchmark 10-year note down 1/32 to yield 2.15%. In commodities, NYMEX WTI crude is adding 0.2% to $42.84/barrel. COMEX gold is gaining 0.7% to $1256.40/ounce.

This information was prepared by or obtained from sources that Wells Fargo Advisors believes to be reliable, but its accuracy is not guaranteed. The report herein is not a complete analysis of every material fact in respect to any company, industry or security. The opinions expressed here reflect the judgment of the authors as of the date of the report and are subject to change without notice. Any market prices are only indications of market values and are subject to change. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Contact your Financial Advisor for additional information.

Benjamin J. Chuckrow

Senior Vice President – Branch Manager
Wells Fargo Advisors, LLC

37 Henry Street ,Suite 201
Saratoga Springs, NY 12866
518-581-5049 , 1-800-581-5196
Fax 518-581-5055  Cell 518-316-3848
ben.chuckrow@wfadvisors.com
www.chuckrow.wfadv.com

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