There was little change in the stock market on Wednesday, which was basically the case throughout the session. The major indices were confined to tight trading ranges, vacillating within close proximity to Tuesday's closing levels. The lack of conviction was consistent with Tuesday's trading, which was one of the lightest volume days of the year at the NYSE. Volume was a little heavier today at 548 million shares, yet it was still far below "normal" levels as vacation schedules continued to be fuller than trading desks.
There were no companies of note scheduled to report earnings after the close.
Futures are modestly lower after hours: S&P 500 futures are -2.75 from the fair value of 2,688 and Nasdaq100 futures are -7 from fair value of 6,460.
Tomorrow morning, economic reports scheduled to be released include: Initial Claims (08:30 ET, Consensus 238K), Continuing Claims (08:30 ET), Adv. International Trade in Goods (08:30 ET), Adv. Wholesale Inventories (08:30 ET), Natural Gas Inventories (10:30 ET), & Crude Inventories (11:00 ET).
There are no companies of note scheduled to report earnings tomorrow morning.
Shares in Revolution Lighting (RVLT) are down 8% in extended trading after the company slashed its fourth quarter outlook and offered light 2018 projections citing 'unprecedented weather conditions in Texas and the southeastern United States' and delays for a number of projects.