Wednesday, October 16, 2013

Wednesday Oct 16 pre-mkt outlook

The /ES looks to open around 1702 after closing yesterday at 1692. The 10yr is trading around 2.741 after finishing yesterday at 2.720

$YHOO is trading 3% higher in the pre-mkt at 34.25 after closing at 33.35. It traded at an ETH hour high of 35.50 and a low of 32.85. This puts it trading near recent 5 year highs.

$AAPL is cutting its production of the iPhone 5c. The stock closed at 499 yesterday and traded at a low of 496.15 in ETH and a high of 501.30. However, they've raised orders for the 5s and Canaccord raised its PT to 580/sh.

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