EmailStocks began the day firmly in the red after Barack Obama was reelected to a second term as president. Contributing to the bearish sentiment were comments from European Central Bank President Mario Draghi who said that the European debt crisis is starting hurt the German economy. The negative outlook was confirmed by this morning's Eurozone Autumn Forecast, which also pointed to an expected slowdown in the German economy. Further, the country's industrial production report showed a 1.8% month-over-month decrease, while the reading was expected to reflect a more palatable decline of 0.5%. The S&P 500 spent the first two hours of the session in a steady sell-off, before stabilizing near the 1,400 level and ending with a loss of 2.4% on heavy volume.
Today after the close the following companies are scheduled to report earnings: QCOM, ITMN, WFM, PRSS, HR, REG, CNQR, DVR, ENSG, ERII, EXL, MAKO, MEAS, NCIT, PRU, ATVI, AWK, CBS, EXEL, MWE, RP, SMT, BRS, CXO, DCO, LHCG, OAS, POWR, STAG, BWC, CODI, CQB, DK, ENPH, ETP, GCA, GTE, KERX, MYRG, NVTL, OSUR, PRI, PRMW, QUAD, RLJ, SAPE, SNTS, ATO, BIOS, CPE, CPNO, CTL, CXW, FTK, GHDX, GMXR, GSS, HIMX, HNSN, IL, IPAR, KGC, MBI, MNST, PANL, PRSC, RST, SGEN, SLXP, ALIM, ANAC, BONE, CDXS, CLR, EPAY, ETE, ONTY, SSRI, AFCE, PAAS, STRI, SVN, SXL, TCAP, TS, TTEC, TTEK, TTGT, TWGP, UHAL, ARAY, BLMN, MDLZ, TRLA
Futures are higher after hours: S&P 500 futures are +0.46 from fair value of 1390.94 and Nasdaq100 futures are +5.70 from fair value of 2609.05.
Tomorrow morning before the open two economic reports are scheduled to be released: 1) Initial Claims (Consensus 370k) and Continuing Claims (3250k), and 2) Trade Balance (Consensus -45.4B).
Tomorrow before the open the following companies are scheduled to report earnings: ACIW, VMC, MWIV, KLIC, FCN, PNX, POZN, BCRX, DUK, DUSA, MWW, PMT, RSTI, SMBL, AMRC, APU, DF, EBIX, FE, GLCH, IPCC, NNBR, POR, SJI, SNMX, AAON, AINV, ALR, APEI, CG, CORE, ES, EZCH, FSYS, GLP, GTXI, HII, INXN, LMIA, NXTM, PPL, AAP, AMCX, BDC, CAE, CNQ, FXCM, KOP, KSS, MFC, NOG, PGNX, SMG, SNSS, FLO, KIOR, SVNT, THI, THR, TK, TNK, TVL, UGI, USPH, WEN, WIN, WLK, ZEUS, ARX, PMFG, HK
