The S&P 500 moved lower for the third consecutive
session on Wednesday, losing 0.6%, as fears over a potential trade war
continued linger. The Dow Jones Industrial Average did even worse, losing 1.0%,
while the tech-heavy Nasdaq Composite held up relatively well, shedding just
Today after the close the following companies are scheduled to report: TACO, DDD, CTRP, BNFT, EVC, NVAX, COGT, INO, TDW, KLDX, NDLS, WOW, YRD, SFS, WSM, SMTC, TLRD.
Futures are mixed after hours: S&P 500 futures are +0.25 from the fair value of 2755 and Nasdaq100 futures are -7.75 from fair value of 7068.
Tomorrow morning, economic reports scheduled to be released include: Export Prices ex-ag. (08:30am ET, Consensus NA vs. 0.9% in the prior month), Import Prices ex-oil (08:30am ET, Consensus NA vs. 0.4% in the prior month), Initial Claims (08:30am ET, Consensus 226K vs. 231K in the prior week), Continuing Claims (08:30am ET, Consensus NA vs. 1870K in the prior week), Empire Manufacturing (08:30am ET, Consensus 15.0 vs. 13.1 in the prior month), Philadelphia Fed (08:30am ET, Consensus 23.7 vs. 25.8 in the prior month).
Tomorrow before the open the following companies are scheduled to report earnings: KPTI, AGEN, BTG, SND, TLP, SUP, SECO, BITA, GCO, JILL, DG.
Looking at the energy markets: The Dept. of Energy's EIA released petroleum data for the week ended Mar 9:
The EIA reports that for the week ending Mar 9th:
- Crude oil inventories had a of build of 5 million barrels
- Gasoline inventories had a draw of 6.3 million barrels
- Distillate inventories had a draw of 4.4 million barrels
- Apr crude oil futures settled the day $0.21 higher at $60.95/barrel