EmailThe major averages began the day on a mixed note before selling pressure pushed the key indices to their respective lows. This morning, House Speaker John Boehner addressed the media in Washington. During his remarks, the speaker suggested President Obama is not serious about cutting spending, and the White House is willing to go over the fiscal cliff. Mr. Boehner's remarks had little impact on the markets, which continued pushing to fresh lows. However, a late-afternoon headline indicated Speaker Boehner and President Obama will meet in person at 17:00 ET. The report lifted the S&P 500 off its worst level of the day, but the benchmark index still finished with a loss of 0.6%.
Today after the close the following companies are scheduled to report earnings: ADBE, CIS, NDSN, ZQK, PAY
Futures are lower after hours: S&P 500 futures are -0.09 from fair value of 1412.39 and Nasdaq100 futures are -0.60 from fair value of 2647.85.
Tomorrow morning before the open three economic reports are scheduled to be released: 1) CPI (Consensus 0.1%) and Core CPI (Consensus 0.2%), 2) Industrial Production (Consensus -0.4%), and 3) Capacity Utilization (Consensus 78.0%).
Tomorrow before the open no companies are scheduled to report earnings.
