S&P 500 futures were trading at 136.75 down 3.25 points, NASDAQ futures were up 5.75 points at 2647.25, and Dow Jones Industrial Average futures fell 9 points and trading at 12858.00.
Europe’s rate-cut caused the EUR/USD pair to fall 221 pipps overnight to $1.2401.
Gold futures fell $13.80 to $1608.00 and WTI crude futures were down 72 cents at $86.94.
Costco Wholesale (COST) reported a same-store sales increase of 3%, missing analysts’ estimates. This morning Costco shares fell .4%.
Buckle (BKE), a clothing retailer fell 3.23% after reporting a 2.5% decline in monthly same-store sales.
AMD (AMD) fell 1.66%, Intel Corp. (INTC) fell .71%, and Cisco Systems (CSCO) fell .87% on low PC demand.
Netflix Inc. (NFLX) jumped 13.69% after they have gained more viewers than any cable network.
David Cornes holds a degree in economics from the University of Montana.