equities ticked higher on Thursday as investors awaited President Trump's
official approval of tariffs on steel and aluminum imports, which he gave
minutes before the closing bell. The S&P 500 finished with a gain of 0.5%,
closing at its best mark of the day, while the Dow and the Nasdaq added 0.4%
Today after the close the following companies are scheduled to report: BOOM, GCAP, AREX, INSY, CALA, CARA, CERS, CHUY, DRNA, LOCO, PDLI, UMH, MMI, PRSC, REGI, CASC, CRSP, OTIC, TPIC, CDXS, ERA, UPLD, XXII, BOLD, ZTO, MRVL, YEXT, FNSR, UNFI, KMG, PAY, FNKO.
Futures are lower after hours: S&P 500 futures are -2.75 from the fair value of 2741 and Nasdaq100 futures are -16.75 from fair value of 6989.
Tomorrow morning, economic reports scheduled to be released include: Nonfarm Payrolls (08:30am ET, Consensus 210K vs. 200K in the prior month), Nonfarm Private Payrolls (08:30am ET, Consensus 195K vs. 196K in the prior month), Unemployment Rate (08:30am ET, Consensus 4.0% vs. 4.1% in the prior month), Avg. Hourly Earnings (08:30am ET, Consensus 0.2% vs. 0.3% in the prior month), Average Workweek (08:30am ET, Consensus 34.4 vs. 34.3 in the prior month).
Tomorrow before the open the following companies are scheduled to report earnings: PRTY, AMWD, BIG.
Looking over at the energy markets, the EIA reported weekly natural gas storage data...
The EIA reported that for the week ending Mar 2nd:
- Natural gas inventory showed a draw of 57 bcf vs a draw of 78 bcf in the prior week. Working gas in storage was 1,625 Bcf as of Friday, March 2, 2018, according to EIA estimates. This represents a net decrease of 57 Bcf from the previous week. Stocks were 680 Bcf less than last year at this time and 300 Bcf below the five-year average of 1,925 Bcf. At 1,625 Bcf, total working gas is within the five-year historical range.