market finished slightly lower on Tuesday, with declines ranging from 0.01%
(Nasdaq Composite) to 0.3% (Russell 2000). The S&P 500 jumped out to a 0.8%
gain out of the gate, but a lack of general buying conviction after a lengthy
rally helped snap its winning streak. The S&P 500 declined 0.03%.
Equity futures after hours: S&P 500 futures +1.12 vs. Fair Value of 2,886; Nasdaq 100 futures +1.50 vs. Fair Value of 7,517.
Earnings that came out/will come out after hours: PLAY.
Earnings expected tomorrow morning: None.
Looking over at economic data: MBA Mortgage Index 07:00am ET (Briefing.com Consensus NA vs. +1.5% in the prior week), CPI 08:30am ET (Briefing.com Consensus 0.1% vs. 0.3% in the prior month), Core CPI 08:30am ET (Briefing.com Consensus 0.2% vs. 0.1% in the prior month).
Over in the energy space, oil prices fell some pressure following the API weekly oil data.
API petroleum inventory data for the week ended June 7:
- Crude oil inventories had a build of 4.852 mln barrels
- Prior week had a draw of -5.265 mln barrels
- Gasoline Inventories had a build of 0.829 mln barrels
- Prior week had a build of 2.711 mln barrels
- Distillate Inventories had a draw of 3.461 mln barrels
- Prior week had a draw of 2.144 mln barrels
- Cushing Inventories had a build of 2.365 mln barrels
- Prior week had a draw of 0.176 mln barrels