S&P 500 fell for the fourth time in five sessions on Thursday, with the
typically high-flying technology sector underperforming for the second day in a
row. The S&P 500 finished lower by 0.4%, while the tech-heavy Nasdaq
tumbled 0.9%. The blue-chip Dow outperformed, however, tacking on 0.1%.
Today after the close the following companies were scheduled to report earnings: EGAN, MCFT, PSDO, GME, MRVL, NX, PANW, ABM, FIVE, OKTA, AVGO, ZUMZ, KFY, FNSR, DOMO.
Futures are flat/slightly higher after hours: S&P 500 futures are unch from its fair value of 2,879 and Nasdaq-100 futures are +0.25 from fair value of 7,458.
Tomorrow morning, economic reports scheduled to be released include: Nonfarm Payrolls (08:30am ET, Consensus 187K), Nonfarm Private Payrolls (08:30am ET, Consensus 175K), Unemployment Rate (08:30am ET, Consensus 3.9%), Avg. Hourly Earnings (08:30am ET, Consensus 0.2%), Average Workweek (08:30am ET, Consensus 34.5).
Tomorrow before the open the following companies are scheduled to report earnings: GCO.
Looking at the energy space, the weekly EIA natural gas and petroleum data was released today:
Petroleum data for the week ended Aug 31 is as follows:
- Crude oil inventories had a draw of 4.3 millions barrels
- Gasoline Inventories has a build of 1.8 millions barrels
- Distillate Inventories has a build of 3.1 millions barrels
In the nat gas space...
- Natural gas inventory showed a build of 63 bcf vs a build of 70 bcf in the prior week
- Working gas in storage was 2,568 Bcf as of Friday, August 31, 2018, according to EIA estimates. This represents a net increase of 63 Bcf from the previous week. Stocks were 643 Bcf less than last year at this time and 590 Bcf below the five-year average of 3,158 Bcf. At 2,568 Bcf, total working gas is below the five-year historical range.