U.S. stocks jumped to new record highs on Thursday, fueled by increased optimism regarding the feasibility of a tax overhaul. The Dow Jones Industrial Average and the S&P 500 both finished at all-time highs, adding 1.4% and 0.8%, respectively, but some afternoon selling left the indices a step below their best marks of the day. Meanwhile, the tech-heavy Nasdaq climbed 0.7%, reclaiming about half of its Wednesday decline.
Today after the close the following companies are scheduled to report earnings/already reported: AMBA, FIVE, NTNX, ULTA, VMW, YEXT, & ZUMZ.
Futures are lower after hours following today’s surge: S&P 500 futures are -6.75 from the fair value of 2,647 and Nasdaq100 futures are -15.37 from fair value of 6,368.
Tomorrow morning, economic reports scheduled to be released include Index: ISM Index (10:00 ET; Briefing.com consensus 58.3), Construction Spending (10:00 ET; Briefing.com consensus 0.5%), & Auto & Truck Sales throughout the day.
Tomorrow before the open the following companies are scheduled to report earnings: AMWD, BIG, & GCO.
Ambarella (AMBA) is up 6.5% in extended trading after reporting better than expected Q3 earnings and offering an in-line fourth quarter outlook. Conversely, Ulta Beauty (ULTA) is down 6% after reporting Q3 results and offering cautious projections for the fourth quarter. Additionally, recent IPO-disaster Blue Apron (APRN) announced that Co-Founder Matt Salzberg would be stepping down as President and CEO. Shares are down 70% since June's public debut.