Good morning. Equity futures are broadly flat, we're set to open at sp'2072. Metals are very weak, Gold -$10, with Silver -2.9%. Oil is severely lower, -5.8%. Energy stocks are naturally under strong downward pressure.
sp'daily5
Summary
A short trading day ahead.. .we close at 1pm.
Notable early weakness.. not surprisingly... energy stocks..
CHK -5.7%
RIG -7.7%
SDRL -6.3%
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With weak metal prices, miners are under pressure...
FCX -4.6%
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On the flip side, with Oil prices much lower.. airlines are very strong. DAL and UAL are both higher by around 4.5%.
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As for the broader market.. there is near term upside to 2080 or so, certainly the 2100s are viable by mid December.
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Have a good Friday.