The SPY cracked below 200 in the pre, as it traded down to a low of 198.98 around 0730. It's currently trading around 199.54. Yesterday it opened around 204, hit a high of 205.48 then closed just off the lows at 202.
"NEW YORK (MarketWatch) — U.S. stock futures crashed on Wednesday,
after surprisingly weak December retail sales triggered fears that
falling oil prices are not having a desired positive effect on consumer
Futures were already moving sharply lower following
disappointing results from banking giant J.P. Morgan Chase & Co. and
further signs of weakness in global growth from the World Bank."
Here's what I'm watching today with commentary from www.marketwatch.com:
J.P. Morgan Chase
fourth-quarter earnings, missing analysts estimates on revenue and
profit, dragged down by nearly $1 billion in legal expenses.
TT Notes: This was the biggest miss since '08. It makes an APEM move of 1.7% with a max of 3.5% and a low of 1.3% . The stock closed at 58.84 and is currently trading near the lows at 57.27.
reported fourth-quarter earnings of $1.02 a share, matching analysts’ expectations. Revenue of $21.4 billion topped views as the bank posted stronger loan growth.
TT Notes: It closed at 51.85 and traded at a low of 50.65, down 2.3%. It's currently trading at 51.07. The stock makes an APEM of 1.8% with a max move of 3% and a low of 1.1%
Tesla Motors Inc.
shares fell 7.1% to $189.73 on moderate volume following a report that sales of electric cars in China declined significantly in the last quarter.
price target was lowered to $36
from $40 at Deutsche Bank on Monday on expectations of further
challenges for metals companies this year.