EmailEquities spent the majority of the session chopping around the unchanged line. The early morning volatility coincided with a Bloomberg TV report which indicated the European Central Bank bond purchase program is said to pledge unlimited, sterilized buying of bonds. However, the exuberance was short-lived as European Central Bank officials declined to comment, and reports out of Germany suggested Chancellor Angela Merkel would only support the program in the near-term. Afternoon trade was mostly quiet as the S&P 500 remained in a narrow range before closing lower by 0.1%.
Today after the close the following companies reported earnings: ABM, AVAV, FCEL, HRB, HWD, KFY, MTRX, MW, MIND, SEAC, SIGM, STEI, PAY, VRNT
Futures are higher after hours: S&P 500 futures are +1.93 from fair value of 1402.27 and Nasdaq100 futures are +2.26 from fair value of 2765.99.
Tomorrow morning before the open three economic reports are scheduled to be released: 1) Challenger Job Cuts, 2) ADP Employment Change (Consensus 143k), and 3) Initial Claims (Consensus 373k) and Continuing Claims (Consensus 3300k).
Tomorrow before the open look for the following companies to report: HOV, LAYN, MPR, NAV, UTIW
