EmailStocks began today's session sharply higher, and added to their gains throughout the opening hour of trade. The remainder of the day was spent hovering near session highs. The bullish sentiment was sparked after Mario Draghi confirmed yesterday's reports of a European Central Bank plan to buy bonds of troubled sovereigns who ask for aid. The program will be limited to bonds maturing within three years. Better-than-expected U.S. economic data also added to the upbeat tone which resulted in a broad market rally. The Nasdaq closed at a 12-year high while the S&P 500 settled at levels not seen since January 2008. The two indices finished higher by 2.2% and 2.0%, respectively.
Today after the close the following companies reported earnings: ARAY, BV, COO, ENVI, EXA, BLOX, MFRM, ZQK, SWHC, ULTA
Futures are mixed after hours: S&P 500 futures are +0.77 from fair value of 1431.13 and Nasdaq100 futures are -0.74 from fair value of 2828.74.
Tomorrow morning before the open four economic reports are scheduled to be released: 1) Nonfarm Payrolls (Consensus 130k) and Nonfarm Private Payrolls (Consensus 144k), 2) Unemployment Rate (Consensus 8.3%), 3) Hourly Earnings (Consensus 0.1%), and 4) Average Workweek (Consensus 34.5).
Tomorrow before the open look for the following companies to report: BRC, CMVT, KR, LULU
