Market News Call

Morning Update: Pernix Therapeutics Holdings Inc (NASDAQ:PTX ), Relypsa Inc (NASDAQ:RLYP)

Futures ticked lower as investors weigh a slew of economic data. The S&P 500 futures trade ten points below fair value.

Just released, total CPI rose 0.2% (Briefing.com consensus +0.3%) in May while core CPI, which excludes food and energy, increased 0.2% (Briefing.com consensus +0.2%). On a year-over-year basis, total CPI is up 1.0% and core CPI is up 2.2%.

The latest weekly initial jobless claims count totaled 277,000 while the Briefing.com consensus expected a reading of 269,000. Today’s tally was above the unrevised prior week’s count of 264,000. As for continuing claims, they rose to 2.157 million from 2.112 million.

Separately, the Philadelphia Fed Survey for June rose to 4.7 from -1.8 while economists polled by Briefing.com had expected an increase to 0.7.

Finally, the current account deficit for the first quarter totaled $124.7 billion while the Briefing.com consensus expected the deficit to hit $125.4 billion. The fourth quarter deficit was revised to $113.4 billion from $125.3 billion.

Pernix Therapeutics Holdings Inc(NASDAQ:PTX )+37.8% (announces positive Phase IV results of Silenor vs Zolpidem head-to-head arousability study), Relypsa Inc(NASDAQ:RLYP )+4.6% ( announces new patient starts, outpatient prescriptions and units sold to hospitals/other institutions for the full month of May 2016 for Veltassa),

Should Investors Buy PTX After Today’s News? Find Out Here

BXE +4% (acquires assets in its west central Alberta core Ferrier area; provide an update on its ongoing credit facility)



Tags: ,

Comments are closed.