US index futures are in the green this morning with gains of 0.2%-0.3% for the three main contracts after a split decision yesterday saw the Dow fall 0.4% and the NASDAQ rise 0.5%. Asia Pacific markets were positive overnight with the Nikkei rallying 1.1% and the Hang Seng rising 0.3%.
Energy commodities are under pressure this morning with WTI crude oil down 1.3% and natural gas down 2.3% as the US continues to mull over what to do about rising energy costs. Metals action is mixed today with copper gaining 0.5% and gold slipping 0.3%.
Continuing this week’s theme of big conglomerates breaking themselves up into smaller companies that started with GE a few days ago, Johnson & Johnson is up 2.6% in premarket trading after announcing plans to split itself into two companies based around its consumer products and pharmaceutical business lines.
SIA Wealth New Video Launch and Market Outlook Webinar Tuesday November 16th, 2:00 pm EDT
Please join us on Tuesday, November 16 @ 12pm MT / 2pm ET for our Market Outlook Webinar with Colin Cieszynski, Chief Market Strategist. We will be answering the Top 5 most asked questions by advisors over the past month.
A premiere of our newest video will be shown – Competition – on how our ranking system utilizes relative strength to compete in the markets.
The link to register for the webinar:
After registering, you will receive a confirmation email containing information about joining the webinar. A replay will be available and sent to all registrants after the webinar.