EmailEquities began today's session on a down note after Spain and the country's fiscal struggles were put back in the spotlight. The major indices marked session lows during the first hour before reversing and attempting a return to the unchanged line. However, due to the lack of a catalyst, the key averages were unable to sustain a meaningful rally. As a result, the S&P 500 slipped 0.6%. The Nasdaq underperformed and settled lower by 0.8%.
Today after the close the following companies reported earnings: CMTL, FUL, LNDC, TXI, THO, WOR
Futures are higher after hours: S&P 500 futures are +2.19 from fair value of 1427.01 and Nasdaq100 futures are +1.98 from fair value of 2774.77.
Tomorrow morning before the open three economic reports are scheduled to be released: 1) Initial Claims (Consensus 379k) and Continuing Claims (Consensus 3270k), 2) Durable Orders (Consensus -5.0%) and Durable Orders -ex Transportation (Consensus -0.2%), and 3) GDP - Third Estimate (Consensus 1.7%) and GDP Deflator - Third Estimate (Consensus 1.6%)
Tomorrow before the open the following companies are scheduled to report earnings: ATU, DFS, MKC
