S&P 500 gained 0.2% on Wednesday, as strong earnings from Bank of America
(BAC 28.45, +1.90, +7.2%) and Goldman Sachs (GS 197.08, +17.17, +9.5%) helped
keep the rally going. The benchmark index was up as much as 0.6%, but succumbed
to selling pressure into the close.
The following companies were scheduled to report earnings this afternoon: FUL, CSX, HWC, AA, EGBN, KMI, PLXS.
Futures are lower after hours: S&P 500 futures are -1.12 vs. fair value of 2,616 and Nasdaq-100 futures are -7.25 vs. fair value of 6,679.
Tomorrow morning, economic reports scheduled to be released include: Initial Claims (08:30am ET, Consensus 221K vs. 216K in the prior week), Continuing Claims (08:30am ET, Consensus NA vs. 1722K in the prior week), Philadelphia Fed Index (08:30am ET, Consensus 10.5 vs. in the prior month).
The following companies are scheduled to report earnings tomorrow morning: CBSH, FAST, MS, PACW, BBT, MTB, MTG, HOMB, IIIN, KEY, PPG, SASR, SBNY, TSM, WNS.
Looking at the energy sector today, the EIA petroleum data for the week ended Jan 11 was released this morning:
- Crude oil inventories had a draw of 2.7 million from the prior
- Prior week showed a draw of 1.7 million
- Gasoline Inventories had a build of 7.5 million barrel
- Prior week had a build of +8.1 million barrels
- Distillate Inventories had a build of 3.0 million
- Prior week had a build of 10.6 of million barrels
Feb crude oil settled the day $0.41 higher at $52.33/barrel.