equities ticked lower on Wednesday as investors contemplated their next move
following the passage of tax reform. The S&P 500 (-0.1%), the Nasdaq
Composite (unch), and the Dow Jones Industrial Average (-0.1%) each finished a
tick below their flat lines. Small caps outperformed, evidenced by the Russell
2000, which ended the day higher by 0.2%.
Today after the close the following companies are scheduled to report earnings/already reported: RMAX, BBBY, MLHR.
Futures are lower after hours: S&P 500 futures are -0.75 from the fair value of 2,682 and Nasdaq100 futures are -6.24 from fair value of 6,493.
Tomorrow morning, economic reports scheduled to be released include: GDP - Third Estimate (08:30am ET, Consensus NA), GDP Deflator - Third Estimate (08:30am ET, Consensus NA), Philadelphia Fed (08:30am ET, Consensus NA), Initial Claims (08:30am ET, Consensus NA), Continuing Claims (08:30am ET, Consensus NA), FHFA Housing Price Index (09:00am ET, Consensus NA).
Tomorrow before the open the following companies are scheduled to report earnings: HOV, APOG, FINL, KMX, ACN, CAG, PAYX, LNN.
The EIA released its weekly crude oil storage data for the week ending December 15th:
- Crude oil inventories had a draw of 6.5 mln barrels
- Gasoline inventories had a build of 1.2 mln barrels
- Distillate inventories had a build of 0.8 mln barrels
- This data provided some upside in oil prices today and Jan crude oil settled $0.52 higher at $58.08/barrel.