S&P 500 lost 0.2%, but was able to fight back after being down as much as
2.9% earlier in the session. The Dow
Jones Industrial Average lost 0.3% after being down as many as 785 points or
3.1%. The Nasdaq Composite added 0.4%,
yet it had been down as many as 174 points or 2.4%.
The following companies were scheduled to report earnings earnings this afternoon: AOBC, LULU, ULTA, DOCU, AVGO, DOMO, ZUMZ, SAIC, UNFI, CMTL.
Futures are lower after hours: S&P 500 futures are -2.12 vs. fair value of 2,697 and Nasdaq-100 futures are -4.15 vs. fair value of 6,843.
Tomorrow morning, economic reports scheduled to be released include: Nonfarm Payrolls (Consensus 189K vs. 250K in the prior month), Nonfarm Private Payrolls (Consensus 185K vs. 246K in the prior month), Avg. Hourly Earnings (Consensus 0.3% vs. 0.2% in the prior month), Unemployment Rate (Consensus 3.7% vs. 3.7% in the prior month), Average Workweek (Consensus 34.5 vs 34.5 in the prior month).
The following companies are scheduled to report earnings tomorrow morning: BIG, MTN.
Looking at the energy market:
The big OPEC meeting ended with no actual deal, causing oil prices to settle lower on the day. But, talks to continue tomorrow.
Separately, this morning, the EIA released its weekly petroleum storage data.
EIA petroleum data for the week ended Nov 30:
- Crude oil inventories had a draw of 7.3 million
- Prior week had a build of 3.6 million barrels
- Gasoline Inventories had a build of 1.7 million
- Prior week had a draw of 0.8 million barrels
- Distillate Inventories had a build of 3.8
- Prior week had a build 2.6 of million barrels