In a nutshell, 'easy come, easy go' sums up Tuesday's session as the stock market gave back nearly all of Monday's climb to new record highs. The Nasdaq (-0.8%) and the Dow (-0.3%) settled on opposite sides of the benchmark S&P 500 (-0.7%) while the small-cap Russell 2000 (-1.1%) underperformed.
Today after the close the following companies are scheduled to report earnings: ADBE, FDX, KFY, LZB, & RHT.
Futures are modestly higher after hours: S&P 500 futures are +2 from the fair value of 2,435 and Nasdaq100 futures are +0.38 from fair value of 5,732.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Purchase Index (07:00 ET), Existing Home Sales (10:00 ET; Briefing.com consensus 5.52M), & Crude Inventories (10:30 ET).
Tomorrow before the open the following companies are scheduled to report earnings: ATU, KMX, & WGO.
In extended trading, Adobe Systems (ADBE) is up 3% after reporting better than expected quarterly results and offering a third quarter outlook that surpassed analyst expectations. Similarity, Red Hat (RHT) is up 9.5% after beating analyst estimates on the top and bottom line and offering upside projections.