U.S. stocks waffled on Tuesday amid concerns about growth, rising interest rates, and the impending arrival of Hurricane Michael in Florida's panhandle. The broader market seemed reluctant to make a decisive move in any direction, as the S&P 500 index crossed back and forth across the unchanged line numerous times during the trading session. The S&P 500 finished 0.1% lower, the Dow Jones Industrial Average closed lower by 0.2%, and the tech-heavy Nasdaq Composite reset to its flat line.
No companies we cover were scheduled to report earnings this afternoon.
Futures are mostly flat after hours: S&P 500 futures are +2.75 vs. fair value of 2,885 and Nasdaq-100 futures are +2 vs. fair value of 7,394.
Tomorrow morning, economic reports scheduled to be released include: September PPI (Briefing.com Consensus +0.2% vs. -0.1% in August) and Core PPI (Briefing.com Consensus +0.2% from -0.1% in August) at 8:30, August Wholesale Inventories (Briefing.com Consensus +0.8% from +0.6% in July) at 10:00.
Tomorrow before the open the following companies are scheduled to report earnings: FAST