The major averages began the week on a
higher note as the S&P 500 (+0.3%) settled above its previous all-time
closing high at 2130.82. The broader market continued its recent rally as
participants remained upbeat following a headline beat in Friday's Employment
Situation Report for June. Additionally, positive developments overseas, a
downturn in safe havens, and strong sector leadership from the heavyweight
technology (+0.6%), financial (+0.6%), industrial (+0.6%), and consumer
discretionary (+0.6%) sectors lifted the averages. The Nasdaq Composite (+0.6%)
finished ahead of the Dow Jones Industrial Average (+0.4%) and the S&P 500
Today after the close the following companies were scheduled to report earnings: AA, VOXX.
Alcoa (AA) reported second quarter earnings of $0.15 per share, which came in above expectations.
Also, the company is forecasting improvement in the second half of 2016 as new platforms ramp up, and a strong 2017.
- Large commercial aircraft deliveries declined approximately 1 percent year-over-year in the first half of 2016, but are expected to rise 6% in the second half of 2016 compared to the first. As a result, Alcoa forecasts full-year 2016 deliveries to be flat to up 3%, followed by strong double-digit growth in 2017.
are mixed after hours: S&P 500 futures are unchanged from fair value of 2,130 and Nasdaq100 futures are +2.75 from fair value of 4,547.
Tomorrow morning before the open, economic reports scheduled to be released include: None.
Tomorrow before the open the following companies are scheduled to report earnings: FAST.