S&P 500 rebounded on Tuesday, ending its four-session losing streak with a
gain of 0.6%. The Nasdaq and the Dow also advanced, adding 0.7% and 0.5%,
respectively. The major averages quickly extended modest opening gains, but
then trended sideways for the final five hours of trading, ending near their
Today after the close the following companies were scheduled to report earnings: CREE, VIAV, CASA, WPM, FENG, HOLI, PETQ, DDS, YRD, CDLX, CGC.
Futures are modestly higher after hours: S&P 500 futures are +1.0 from its fair value of 2,841 and Nasdaq100 futures are +7 from fair value of 7,455.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Applications Index (07:00am ET, Consensus NA), Retail Sales (08:30am ET, Consensus 0.1%), Retail Sales ex-auto (08:30am ET, Consensus 0.3%), Productivity-Prel (08:30am ET, Consensus 2.0%), Unit Labor Costs -- Prelim (08:30am ET, Consensus 0.5%), Empire Manufacturing (08:30am ET, Consensus 20.0), Industrial Production (09:15am ET, Consensus 0.4%), Capacity Utilization (09:15am ET, Consensus 78.3%).
Tomorrow before the open the following companies are scheduled to report earnings: MSGN, PFGC, LXFT.
Looking over at the energy space:
The American Petroleum Institute (API) released its weekly petroleum storage data, sending oil prices lower in electronic trade.
API petroleum data for the week ended Aug 10:
- Crude oil inventories had a build of +3.66 million barrels
- Gasoline Inventories has a draw of -1.56 million barrels
- Distillate Inventories has a build of +1.94 million barrels
- Cushing build of +1.64 million
Sept> WTI crude oil futures are now -$0.51 at $66.69/barrel