S&P 500 increased 0.1% on Tuesday, as strong performances from the
financial and semiconductor stocks offset pronounced weakness in the health
care and real estate spaces. The benchmark index traded with modest gains
throughout the day and briefly dipped into negative territory with 30 minutes
left of trading where it found buying interest at the 2900 level. The Dow
Jones Industrial Average increased 0.3%, the Nasdaq Composite increased 0.3%,
and the Russell 2000 increased 0.2%.
The following companies were scheduled to report earnings this afternoon: FULT, UAL, CSX, HWC, NFLX, HOPE, IBKR, IBM, MRTN, WSBC, MLNX.
Futures are modestly higher after hours: S&P 500 futures are +0.12 vs. fair value of 2,911 and Nasdaq-100 futures are +1.50 vs. fair value of 7,675.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Applications Index (07:00am ET, Consensus NA vs. -5.6% in the prior week), Trade balance (08:30am ET, Consensus -$54.0B vs. -$51.1B the prior month).
The following companies are scheduled to report earnings tomorrow mornings: FRAN, BK, SBNY, USB, MS, KSU, ASML, ABT, ERIC, TXT, POL, PNR, BMI, PEP.
Looking over at energy:
API petroleum inventory data for the week ended April 12
- Crude oil inventories had a draw of 3.096 million barrels
- Prior week had a build of 4.1 million barrels
- Gasoline Inventories had a draw of 3.561 million barrels
- Prior week had a draw of 7.1 million barrels
- Distillate Inventories had a build of 2.330 million barrels
- Prior week had a draw of 2.4 million barrels
- Cushing Inventories had a draw of 1.561 million barrels
- Prior week had a draw of 1.3 million barrels