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Candle Lighting Time for Albany, NY:
Friday, November 24, 2017 4:07 pm

Financial updates

finance-markets16By Benjamin J. Chuckrow
Wednesday, November 22, 2017 – Stock index futures are indicating a slightly higher open Wednesday. The Dow is up 0.2% in the pre-market. The S&P 500 is gaining 0.1% and the Nasdaq 100 is trading 0.1% above fair value on GLOBEX.

The major averages are poised to advance ahead of a packed slate of data releases. On the economic front, initial jobless claims were 239k for the prior period in line with consensus estimates. An additional release is anticipated to show durable goods orders eased slightly in October. A separate survey from the University of Michigan is expected to show consumer sentiment increased in November from the flash reading earlier this month.. The Fed will also garner attention in today’s session as investors await this afternoon’s release of the minutes from the most recent FOMC policy meeting. In earnings news, Salesforce is down 1.1% to $107.62 even after the company reported strong third quarter results. Deere & Co is adding 5.0% to $146.15 after the heavy equipment maker bested analyst earning projections.

European markets are higher at midsession. The FTSE is up 0.6% in London. The DAX is up less than 0.1% in Frankfurt. In Asia overnight, the Nikkei gained 0.5% in Tokyo while China’s Shanghai Composite finished up 0.6% on the session.

Treasuries are little changed this morning with the yield on the 10-year note yield flat at 2.36%. In commodities, NYMEX WTI crude is up 1.8% to $57.85/ the highest point since mid- 2015. COMEX gold is adding 0.3% to $1285.10/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


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