cruised to their fifth consecutive victory on Thursday, pushing the S&P 500
above its 50-day simple moving average (2722.93) for the first time since last
week's big sell off. The S&P 500 finished with a gain of 1.2%, while the
Nasdaq Composite and the Dow Jones Industrial Average climbed 1.6% and 1.2%, respectively.
Today after the close the following companies are scheduled to report: SNBR, HTA, DLR, SSNC, AUY, CLD, CNXN, CUBE, CXP, ECOL, LOGM, MULE, PDFS, SAFE, CGNX, CRAY, KAI, CPS, WES, WGP, EEP, FLS, NMIH, NUS, PI, SEP, SHAK, AMBR, AMN, ANET, BL, CBS, CHSP, COHU, DDR, ED, MCHX, MDRX, MRC, NAVG, SPXC, STAG, CINR, PGRE, TRUE, PXLW, ANDV, ANDX, MXWL, AIRG, DOVA, GLOB.
Futures are higher after hours: S&P 500 futures are +4.50 from the fair value of 2730 and Nasdaq100 futures are +19.75 from fair value of 6801.
Tomorrow morning, economic reports scheduled to be released include: Housing Starts (08:30am ET, 1240K Consensus vs 1192K prior), Building Permits (08:30am ET, 1300K Consensus vs 1302K prior), Import Prices ex-oil (08:30am ET, NA Consensus vs -0.1% prior), (08:30am ET, NA Consensus vs 0.0% prior).
Tomorrow before the open the following companies are scheduled to report earnings: WBC, VFC, IRM, R, DTE, KO, POR, GVA, SIR, IPGP, TYPE, EPAM, KHC, VMC, ENB, GLOG, ITT, NWL, OZM, PES, AEE, AXL, NHI, SJM, CPB, DE.
Looking at the energy markets:
The Dept. of Energy's EIA released its weekly natural gas storage data this morning for the week ended Feb 9th:
- Natural gas inventory showed a draw of 194 bcf vs a draw of 119 bcf in the prior week- nat gas prices pop following this data
- Working gas in storage was 1,884 Bcf as of Friday, February 9, 2018, according to EIA estimates
- This represents a net decrease of 194 Bcf from the previous week. Stocks were 577 Bcf less than last year at this time and 433 Bcf below the five-year average of 2,317 Bcf
- At 1,884 Bcf, total working gas is within the five-year historical range
- Mar natural gas futures ended the day $0.01 lower at $2.58/MMBtu.