Stocks went on another roller coaster ride on Tuesday, but, unlike Monday, this ride left the major indices solidly higher. The Dow Jones Industrial Average jumped 2.3%, the Nasdaq Composite climbed 2.1%, and the S&P 500 advanced 1.7%, ending near the top of their trading ranges, which were quite large; at its worst mark of the day, the S&P 500 was down 2.1% and, at its best, held a gain of 2.0%. The market was very volatile, weathering several sharp reversals. Tuesday's advance put a sizable dent in Monday's decline, but the major averages are still solidly lower for the week, showing losses between 1.7% and 2.4%.
Today after the close the following companies are scheduled to report: ACLS, ACXM, AKAM, APAM, APC, ATGE, ATO, BBOX, BLKB, BZH, CBT, CERN, CMG, CUB, CVCO, DIS, EEFT, ESE, EXTR, FARM, GHL, GILD, GNW, HCSG, HIW, HMN, JCOM, JKHY, KFRC, MANH, MCHP, MDU, MODN, MTCH, MTSI, MX, MYGN, NANO, NEU, NEWR, NTGR, OI, OLN, PAA, PAGP, PAYC, PFPT, POWL, PRO, PXD, PZN, SCSC, SGEN, SIMO, SNAP, SPSC, TCS, TWO, UDR, ULTI, USNA, VNOM, ZEN
Futures are lower after hours: S&P 500 futures are -10.5 from the fair value of 2695 and Nasdaq100 futures are -36.25 from fair value of 6672.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Applications Index (07:00 ET), Crude Inventories (10:30 ET), and 15:00 ET Consumer Credit Dec (15:00 ET; Briefing.com consensus $20.0B).
Tomorrow before the open the following companies are scheduled to report earnings: AINV, ASC, AUO, BABY, BCO, BERY, BLL, BTU, CDW, CG, CSTE, CTSH, DHX, EXC, FSV, GGP, HAIN, HAS, HUM, ICE, JEC, JLL, KERX, KORS, PFGC, RDWR, SNY, STE, TKR, TMHC, TRVG, UBS, WD, XEL.
In extended trading, Snapchat parent company Snap (SNAP) is up 20% after reporting better than expected fourth quarter results, while Chipotle (CMG) is down 4% after giving cautious guidance on its earnings conference call.