EmailThe S&P 500 shed 0.2% after the Federal Reserve released the minutes from its December policy meeting. The markets keyed in on comments from several members who voiced concerns over the duration of the asset purchase program. In addition, some participants "thought that it would probably be appropriate to slow or to stop purchases well before the end of 2013." Traditional safe-haven assets saw some selling in reaction the report. Gold dropped nearly 1.5% to its session low in the 1660.00 area. Meanwhile, Treasuries saw some selling, and the 10-yr yield jumped six basis points to 1.899%, its highest close since May.
Today after the close the following companies are scheduled to report earnings: SHLM, ANGO, PRGS, SONC, FC
Futures are mixed after hours: S&P 500 futures are +0.20 from fair value of 1454.2 and Nasdaq100 futures are -0.18 from fair value of 2727.68.
Tomorrow morning before the open four economic reports are scheduled to be released: 1) Nonfarm Payrolls (Consensus 150k) and Nonfarm Private Payrolls (Consensus 145k), 2) Unemployment Rate (Consensus 7.7%), 3) Hourly Earnings (Consensus 0.2%), and 4) Average Workweek (Consensus 34.5).
Tomorrow before the open the following companies are scheduled to report earnings: FINL, MOS
