dropped for the fifth time in six sessions on Wednesday as tensions between the
U.S. and Turkey tightened and as oil prices tumbled to a two-month low,
weighing on energy shares. The S&P 500 finished lower by 0.8% after being
down as much as 1.3% intraday. The Dow and the Nasdaq lost 0.5% and 1.2%,
Today after the close the following companies were scheduled to report earnings: BGG, CACI, CSCO, NTAP, SPTN .
Futures are higher after hours: S&P 500 futures are +3.50 from its fair value of 2,819 and Nasdaq100 futures are +16 from fair value of 7,364.
Tomorrow morning, economic reports scheduled to be released include: Housing Starts (08:30am ET, Consensus 1256K), Building Permits (08:30am ET, Consensus 1316K), Initial Claims (08:30am ET, Consensus 217K), Continuing Claims (08:30am ET, Consensus NA), Philadelphia Fed (08:30am ET, Consensus 23.0).
Tomorrow before the open the following companies are scheduled to report earnings: MSG, JD, DESP, JCP, WMT, QIWI, WUBA.
Looking over at the energy space:
The Dept. of Energy's EIA released its weekly petroleum storage data, which added some pressure on oil prices today.
EIA petroleum data for the week ended Aug 10:
- Crude oil inventories had a build of 6.8 million barrels
- Gasoline Inventories has a draw of 0.7 million barrels
- Distillate Inventories has a build of 3.6 million barrels