market ticked higher on Wednesday, with financial and industrial shares doing the
heavy lifting. The S&P 500 and the Dow advanced 0.2% and 0.3%,
respectively, but the tech-heavy Nasdaq lagged, closing just a tick below its
unchanged mark and narrowly missing a new record. The small-cap Russell 2000
Well, earnings season is here. It will be really busy next week, especially on Wednesday and Thursday.
Today after the close the following companies were scheduled to report earnings: RECN, BMI, IBM, AA, AXP, BXS, CATY, CCI, CCK, CNS, CP, CVBF, EGBN, KMI, PTC, SLG, TBK, TCBI, UFPI, UMPQ, URI, DWCH, EBAY, PLXS, LHO, NDLS.
Futures are lower after hours: S&P 500 futures are -2.25 from its fair value of 2,817 and Nasdaq100 futures are -5.75 from fair value of 7,404.
Tomorrow morning, economic reports scheduled to be released include: Initial Claims (08:30am ET, Consensus 220K), Continuing Claims (08:30am ET, Consensus NA), Philadelphia Fed (08:30am ET, Consensus 22.0).
Tomorrow before the open the following companies are scheduled to report earnings: SCHL, RPM, ABB, BBT, DHR, GTLS, SBNY, ADS, BK, BX, EWBC, GATX, GPC, HOMB, KEY, NUE, POOL, PPG, RCI, SASR, SNA, SON, TSM, TTS, WBC, WBS, IIIN, SAP, FITB, TRV, WNS, DPZ, UNP, DOV.
Looking over at the energy space, oil prices settled higher today following the weekly EIA oil storage data, news of an attack on one of Saudi Aramco's refineries.
Following is today's EIA data released this morning:
- EIA petroleum data for the week ended July 13
- Crude oil inventories had a build of 5.8 mln barrels
- Gasoline Inventories has a draw of 3.2 mln barrels
- Distillate Inventories has a draw of 0.4 mln barrels
Separately, oil prices got a boost following a report that Yemen's Houthis has attacked Aramco refinery in Riyadh, Saudi Arabia. Among many other catalysts hitting the oil market right now, these were definitely two very relevant ones today.
Aug WTI crude oil futures settled $0.70 higher (or +1%) today at $68.73/barrel.