EmailEquities opened the session on a higher note after reports indicated Spain may be willing to ask for access to precautionary credit. The reports were followed by comments out of Germany which suggested the country's officials believe additional hurdles remain in Spain's way. Separate reports indicated the old continent's other troubled sovereign, Greece, is far from reaching an agreement with the Troika on its next bailout tranche. The European news did little to curb optimism as buyers lifted the major averages to midday session highs, which were maintained into the close. As a result the S&P 500 registered a gain of 1.0%.
Today after the close the following companies are scheduled to report earnings: SONC, APOL, CATY, CSX, FULT, IBKR, INTC, MRTN, PNFP, RNST, STLY, URI, IBM, WTFC, BMI, ISRG, LLTC, MANH, FTNT, CREE
Futures are mixed after hours: S&P 500 futures are +0.13 from fair value of 1449.87 and Nasdaq100 futures are -6.47 from fair value of 2772.22.
Tomorrow morning before the open two economic reports are scheduled to be released: 1) MBA Mortgage Index, and 2) Housing Starts (Consensus 768k) and Building Permits (Consensus 815k).
Tomorrow before the open the following companies are scheduled to report earnings: STP, LNN, UNF, CMA, MMR, MTB, ABT, AOS, APH, ASML, BAC, BK, BLK, CHKP, DOV, FCFS, FRC, KCG, NTRS, STJ, SWK, TAYC, USB, WNS, DGX, KNL, TXT, HAL, PEP, PJC, LRN
