EmailStocks opened unchanged before falling into the red after today's economic data missed expectations. The August ISM Index was reported at 49.6 versus the 50.0 Briefing.com consensus, while July construction spending fell 0.9% month-over-month, against the expected increase of 0.5%. After reaching session lows 90 minutes after the open, stocks staged a slow climb higher which was punctuated by a broad-based mid-afternoon rally. Stocks rallied back near the flat line where they remained until the end of the day. As a result, the S&P 500 slipped 0.1% while Nasdaq gained 0.3%.
Today after the close the following companies reported earnings: FNSR, FRAN, GWRE, PBY, TEA, BLMN, FCE.A, SWS
Futures are higher after hours: S&P 500 futures are +0.73 from fair value of 1403.47 and Nasdaq100 futures are +3.02 from fair value of 2770.73.
Tomorrow morning before the open three economic reports are scheduled to be released: 1) MBA Mortgage Index, 2) Productivity-Rev. (Consensus 1.8%), and 3) Unit Labor Costs - Rev (Consensus 1.4%).
Tomorrow before the open look for the following companies to report: CONN, DG, GIII, HITK, PIKE
