EmailStocks began today's session on a negative note, and finished on their lows. Overnight reports from Europe indicated the International Monetary Fund and the Eurozone finance ministers agreed on the terms of the next installment of Greek aid. As part of the agreement, the country's debt-to-GDP ratio is expected to decline from 190% in 2014 to 124% in 2020. The news did little to inspire investor confidence as the markets are beginning to doubt the sovereign's ability to reach the lofty goals. Instead, market participants remained focused on Washington where Senator Harry Reid said little progress has been made in budget negotiations. After the Senate majority leader's comments, the S&P 500 fell to session lows from its flat line. The index declined further when a final round of selling pressured it to a loss of 0.5%.
Today after the close the following companies are scheduled to report earnings: ADI, CPRT, FMCN, GMCR, GWRE, PVH, UTI,
Futures are higher after hours: S&P 500 futures are +0.64 from fair value of 1396.76 and Nasdaq100 futures are +1.16 from fair value of 2640.59.
Tomorrow morning before the open one economic report is scheduled to be released: 1) MBA Mortgage Index.
Tomorrow before the open the following companies are scheduled to report earnings: AEO, ANN, GIB, EXPR, JASO, JOSB, MOV, LEDS, SPH, TFM, YGE
