DAILY MORNINGS UPTODATE

alt_text October 16, 2020 Today's premarket S&P 500 0.12% Nasdaq 0.67% Russell 2K 1.03% Dow 0.03% Morning Briefing - Building on yesterday's upward momentum The S&P 500 futures trade 11 points, or 0.3%, above fair in a continuation trade from yesterday's buy-the-dip action. The benchmark index enters the session on a three-day losing streak that has cut its weekly gain to 0.2%. Macro-related headlines have been sparse this morning, but there won't be a shortage of economic data today. Coming up at 8:30 a.m. ET is the Retail Sales report for September (Briefing.com consensus 0.6%), which is expected to increase for the fifth straight month but also show a leveling-off in consumer spending. Investors will also receive Industrial Production (Briefing.com consensus 0.6%) and Capacity Utilization (Briefing.com consensus 71.9%) for September at 9:15 a.m. ET, Business Inventories for August (Briefing.com consensus 0.4%) and the preliminary Univ. of Michigan Index of Consumer Sentiment for October (Briefing.com consensus 82.0) at 10:00 a.m. ET, and Net Long-Term TIC Flows for August at 4:00 p.m. ET. Key movers ahead of the opening bell include Boeing (BA 170.80, +6.56, +4.0%) and Pfizer (PFE 37.38, +0.83, +2.3%). Boeing is up 4% on news Europe's aviation regulator approved the 737 MAX safe to fly, and Pfizer is up 2% on news it may request emergency use authorization for its COVID-19 vaccine by the end of next month. U.S. Treasuries trade relatively unchanged ahead of today's big batch of data. The 2-yr yield is flat at 0.13%, and the 10-yr yield is flat at 0.73%. The U.S. Dollar Index is down 0.3% to 93.61. WTI crude futures are down 0.8% to $40.64/bbl. In U.S. Corporate news: Boeing (BA 170.80, +6.56): +4.0% after the 737 MAX was deemed safe to fly by the European Union Aviation Safety Agency. The decision comes despite the company not yet implementing a software update requested by the agency. Pfizer (PFE 37.38, +0.83): +2.3% on news it may apply for emergency use authorization for its COVID-19 vaccine by the end of next month. J.B. Hunt Transport (JBHT 132.00, -9.84): -6.9% after missing earnings estimates, even though it beat revenue expectations. Hewlett Packard Enterprise (HPE 10.08, +0.20): +2.0% after guiding its FY21 EPS outlook above consensus. Schlumberger (SLB 16.25, -0.17): -1.0% after missing revenue estimates but beating EPS estimates. Read full briefing Upcoming events Thu 10/29 AAPL Earnings Q4 2020 Apple Inc Earnings Release Thu 10/29 AAPL Earnings Call Q4 2020 Apple Inc Earnings Call Recent events Fri 9/4 AAPL Split Apple Inc Split For TCXAPL.CHA - Ratio 4-1 Wed 9/2 AAPL Split Apple Inc Split For AAPL34.SA - Ratio 13-10 Wed 9/2 AAPL Split Apple Inc Split For AAPL.BA - Ratio 4-1 See more events Filings and transcripts Ticker AAPL Title Apple Inc. 8-K Date Aug 20 AAPL Apple Inc. 8-K Aug 7 AAPL Quarterly Report Jul 31 AAPL Q3 2020 Apple Inc Earnings Call Jul 30 AAPL Apple Inc. 8-K Jul 30 See more documents Terms of use Privacy policy

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