U.S. equity index futures are slightly lower this morning. S&P 500 futures slipped 4 points in pre-opening trade. Index futures moved lower following release of economic reports at 8:30 AM EST. Weekly jobless claims eased 6,000 to 462,000. The January U.S. Trade Deficit narrowed to $37.3 billion. Consensus was a deficit of $41 billion. The January Canadian Trade Surplus rose to $799 million. Consensus was a surplus of $100 million.
Pengrowth Energy Trust was downgraded to Hold from Buy at Canaccord.
Collins Stewart initiated coverage on the technology manufacturing sector with Buy recommendations on Jabil, Flextronics and Celestica.
Dr. Pepper/Snapple was upgraded by UBS from Neutral to Buy.
Imax gained 2% on news that “Alice in Wonderland” attracted North American sales in of $116 million over the weekend.
Don Vialoux, chartered market technician, is the author of a free
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Exchange-Traded Funds. For more visit Don Vialoux's Web site