The stock market cruised to a comfortable win on Wednesday
as investors dialed back their rate-hike expectations a bit following Fed Chair
Janet Yellen's semi-annual monetary policy testimony. The Dow climbed 0.6% to a
new record high while the Nasdaq and the S&P 500 settled with gains of 1.1%
and 0.7%, respectively.
Today after the close the following companies are scheduled to report earnings: None.
Futures are higher after hours: S&P 500 futures are unchanged from the fair value of 2,441 and Nasdaq100 futures are +7.50 from fair value of 5,781.
Tomorrow morning, economic reports scheduled to be released include: PPI (08:30am ET, Consensus -0.1%), Core PPI (08:30am ET, Consensus 0.2%), Initial claims (08:30am ET, Consensus 245K), Continuing Claims (08:30am ET, Consensus NA).
Tomorrow before the open the following companies are scheduled to report earnings: FIZZ, SKIS, DAL, TSM, CBSH, WAFD, PACW.
In corporate news...
- Cobalt International Energy (CIE) enters into a definitive agreement with its co-owners in the Anchor development to unitize and include Cobalt's two leases immediately south of the current Anchor unit into the existing Anchor unit
- PetroQuest Energy increases Q2/Q3 production guidance and reports Cotton Valley initial rate of 38.2 MMcfe/d
- Pendrell (PCO) discloses that a Federal Circuit court has affirmed both judgments related to ContentGuard patents
- Mallinckrodt plc (MNK) confirms FDA granted orphan drug designation to MNK-1411, a long-acting formulation containing cosyntropin acetate for the treatment of Duchenne muscular dystrophy