drifted flat to slightly higher for much of Wednesday's session, but slipped in
the afternoon following the Fed's decision to up its rate-hike forecast. The
S&P 500 and the Dow Jones Industrial Average finished lower by 0.4% and
0.5%, respectively, while the Nasdaq shed 0.1%, slipping from its all-time
Today after the close the following companies were scheduled to report earnings: TLRD.
Futures are slightly higher after hours: S&P 500 futures are +0.50 from its fair value of 2,779 and Nasdaq100 futures are +1.00 from fair value of 7,233.
Tomorrow morning, economic reports scheduled to be released include: Export Prices ex-ag. (08:30am ET, Consensus NA%), Import Prices ex-oil (08:30am ET, Consensus NA), Initial Claims (08:30am ET, Consensus 223K), Continuing Claims (08:30am ET, Consensus NA), Retail Sales (08:30am ET, Consensus 0.4%), Retail Sales ex-auto (08:30am ET, Consensus 0.5%).
Tomorrow before the open the following: MPAA, MIK.
Looking over at the energy markets...
The Dept. of Energy released its weekly petroleum storage data this morning, adding to the volatility in energy markets today.
The EIA petroleum data for the week ended June 8 is as follows:
- Crude oil inventories had a draw of 4.1 million barrels
- Gasoline Inventories has a draw of 2.3 million barrels
- Distillate Inventories had a build of 2.1 million barrels