S&P 500 futures fell 4 points to 1345.25, NASDAQ futures fell 11.25 points to 2594.75, and Dow Jones Industrial Average futures gained 6 points to 12691.00.
WTI crude futures fell 91 cents to $85.08 and gold futures fell $2.10 to $1587.00.
Traders around the world that broker through PFGBest’s may be the victim of an MF Global-like fallout after they posted that they had missing client segregated funds. The 37th largest futures brokerage is guilty of lying about an estimated $200 million in missing customer funds.
Advanced Micro Devices (AMD) fell 10.50% after cutting its Q2 guidance due to low demand expectations from China and Europe.
MAKO Surgical (MAKO) fell over 39% on low demand expectations.
The women’s retailer Coldwater Creek Inc. (CWTR) gained 51.15% after receiving funding from Golden State Capital.
James River Coal Co. (JRCC) continued to fall (-20%) with news that competitor Patriot Coal (PCX) filed for bankruptcy last night.
David Cornes holds a degree in economics from the University of Montana.