U.S. equities got off to a good start on Tuesday, but began
declining soon thereafter, finishing the session on a broadly lower note. The
S&P 500 and the Dow Jones Industrial Average ended with losses of 0.6% and
0.7%, respectively, while the Nasdaq Composite, which hit new all-time highs in
the two prior sessions, dropped 1.0%.
Today after the close the following companies are scheduled to report: VTL, EVRI, SENS, CLNE, PETX, PETQ, AXAS, BLCM, SIEN, ATHX, IPAR, NTRA, CAL, HTHT, MDB.
Futures are lower after hours: S&P 500 futures are -1.75 from the fair value of 2770 and Nasdaq100 futures are -4.25 from fair value of 7075.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Index (08:30am ET, Consensus NA vs. 0.3% in the prior week), Retail Sales (08:30am ET, Consensus 0.3% vs. -0.3% in the prior month), Retail Sales ex-auto (08:30am ET, Consensus 0.4% vs. 0.0% in the prior month), PPI (08:30am ET, Consensus 0.1% vs. 0.4% in the prior month), Core PPI (08:30am ET, Consensus 0.2% vs. 0.4% in the prior month).
Tomorrow before the open the following companies are scheduled to report earnings: ARNA, TSG, SIG, EXPR, VRA.
Looking at the energy markets:
The weekly API petroleum data for the week ended Mar 9 was released after the close today
- The API reported a build of 1.156 million barrels of crude oil, for the week ending Mar 2, vs. a build of 5.661 mln last week
- Gasoline showed a draw of 1.262 million barrels and distillates showed a draw of 4.258 million barrels
- Cushing draw of 0.156 million
- Oil prices are up a little following the data (Apr crude oil is now -$0.47 at $60.89/barrel (up from today's settlement price of $60.74/barrel).