The major averages got off to a strong start, but the bullish bias faded shortly after the open. Headlines out of Europe provided another risk-off signal as reports suggested that a Spanish aid request is not imminent. After marking their session highs during the first five minutes of trade, the key indices spent most of the session trending lower. However, a rally in the final hour of trading lifted the S&P 500 and Nasdaq into positive territory while the Dow closed with a small loss of 0.2%.
Today after the close the following companies reported earnings: RECN, XRTX
Futures are higher after hours: S&P 500 futures are +0.23 from fair value of 1439.57 and Nasdaq100 futures are +1.92 from fair value of 2793.08.
Tomorrow morning before the open two economic reports are scheduled to be released: 1) MBA Mortgage Index, 2) ADP Employment Change (Consensus 133k).
Tomorrow before the open the following companies are scheduled to report earnings: FDO, MON, RPM






