The S&P 500 (+0.2%) and Dow Jones Industrial Average
(+0.9%) closed at record highs on Thursday amid lingering rate-cut optimism.
The Dow also hit the 27,000 level for the first time, but the Nasdaq Composite
(-0.1%) and Russell 2000 (-0.5%) were unable to keep pace.
Equity futures after hours: S&P 500 futures -0.12 vs. Fair Value of 3,004; Nasdaq 100 futures -1.75 vs. Fair Value of 7,920.
Earnings out after the close/already out: None.
Earnings out tomorrow morning: INFY.
Economic news expected to be released tomorrow: PPI (08:30am, Consensus 0.0% vs. 0.1% in the prior week), Core PPI (08:30am, Consensus 0.2% vs. +0.2% in the prior week).
In corporate news:
- Emcore (EMKR) lowers JunQ revenue guidance; chip product sales, and GPON in particular, experienced a significant decline- stock sinks 18%
- Illumina (ILMN) guides Q2 and FY19 revenue below consensus- stock drops 16%
- Ryder System (R) increases quarterly dividend to $0.56/share from $0.54/share