S&P 500 gained 0.8% on Thursday, boosted by a Wall Street Journal report
indicating the U.S. is considering lifting some, or all, of the tariffs on
Chinese imports while trade negotiations continue. The Dow Jones Industrial Average gained 0.7%, the Nasdaq Composite gained 0.7%,
and the Russell 2000 gained 0.9%.
The following companies were scheduled to report earnings this afternoon: PRGS, JBHT, NFLX, AXP, OZK, PBCT, TEAM.
Futures are higher after hours: S&P 500 futures are +2.12 vs. fair value of 2,636 and Nasdaq-100 futures are +1.88 vs. fair value of 6,728.
Tomorrow morning, economic reports scheduled to be released include: Industrial Production (09:15am ET, Consensus 0.2% vs. 0.6% in the prior month), Capacity Utilization (09:15am ET, Consensus 78.5% vs. 78.5% in the prior month).
The following companies are scheduled to report earnings tomorrow morning: FHN, STI, CFG, KSU, SLB, STT, VFC, RF.
Looking at the energy sector today, the EIA natural gas data for the week ended Jan 11 was released this morning:
- Natural gas inventory showed a draw of 81 bcf vs a draw of 91 bcf in the prior week
- Working gas in storage was 2,533 Bcf as of Friday, January 11, 2019, according to EIA estimates. This represents a net decrease of 81 Bcf from the previous week. Stocks were 77 Bcf less than last year at this time and 327 Bcf below the five-year average of 2,860 Bcf. At 2,533 Bcf, total working gas is within the five-year historical range