rebounded modestly on Tuesday -- reclaiming less than a fifth of their Monday
losses -- with energy shares leading the way, helped by a spike in oil prices.
The S&P 500 ended higher by 0.2% after finding early support at its 50-day
moving average. Small caps outperformed, pushing the Russell 2000 up 0.7%.
Today after the close the following companies were scheduled to report earnings: DTRM, AVAV, SONC.
Futures are higher after hours: S&P 500 futures are +2.00 from its fair value of 2,725 and Nasdaq100 futures are +11.00 from fair value of 7,089.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Applications Index (07:00am ET, Consensus NA), Durable Orders (08:30am ET, Consensus -1.0%), Durable Goods --ex transportation (08:30am ET, Consensus 0.4%), Adv. Intl. Trade in Goods (08:30am ET, Consensus NA), Adv. Wholesale Inventories (08:30am ET, Consensus NA).
Tomorrow before the open the following: GIS, PAYX, UNF, CGC.
In the energy markets, the weekly API data was released and showed a big draw in U.S. crude oil inventory.
- The API reported a draw of 9.228 million barrels of crude oil, for the week ending June 22, vs. a draw of -3.016 million last week
- Gasoline showed a build of 1.152 million barrels and distillates showed a build of 1.785 million barrels
- Cushing draw of -1.741 million
However, crude oil futures have only seen a small pop higher so far (WTI crude oil already gained 4% today ahead of this). Aug WTI crude oil is now +$2.61 at $70.61/barrel.