ended a three-session skid on Wednesday as a heap of corporate news served to
distract investors from escalated U.S.-China trade tensions. The Nasdaq and the
Russell 2000 rallied to new record highs, adding around 0.7% apiece, and the
S&P 500 ticked up 0.2%. The Dow underperformed though, shedding 0.2%.
Today after the close the following companies were scheduled to report earnings: AOBC, BNED, SCS, MU.
Futures are higher after hours: S&P 500 futures are +1.25 from its fair value of 2,770 and Nasdaq100 futures are +7.25 from fair value of 7,305.
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 27.0), FHFA Housing Price Index (09:00am ET, Consensus NA).
Tomorrow before the open the following: BKS, MEI, PDCO, KR, CMC, DRI.
Looking over at the energy market...
The EIA released its petroleum data this morning for the week ended June 15:
- Crude oil inventories had a draw of 5.9 million barrels
- Gasoline Inventories has a build of 3.3 million barrels
- Distillate Inventories had a build of 2.7 million barrels