rallied to new records on Thursday as investors geared up for the fourth
quarter earnings season, which will begin on Friday. The small-cap Russell 2000
set the pace, jumping 1.7% to 1586.79. The Nasdaq Composite climbed 0.8% to
7211.78, the Dow Jones Industrial Average increased 0.8% to 25574.73, and the
S&P 500 rose 0.7% to 2767.56. All four indices finished at new all-time
Notable companies reporting earnings after the close: None.
Futures are higher after hours: S&P 500 futures are +1.75 from fair value of 2768 and Nasdaq futures are +7.00 from fair value of 6719.
Tomorrow morning, companies expected to report earnings include: BLK, JPM, PNC, WFC.
Economic data out tomorrow morning: CPI (Briefing.com consensus +0.2% for Dec from +0.4% in prior month), Core CPI (Briefing.com consensus +0.2% for Dec from +0.1% in prior month), Retail Sales (Briefing.com consensus +0.4% for Dec from +0.8% in prior month), Retail Sales ex-auto (Briefing.com consensus +0.4% for Dec from +1.0% in prior month)
In energy news, the (EIA) released its weekly natural gas storage data.
The Energy Information Administration (EIA) reports that for the week ending Jan 5th, natural gas inventory showed a draw of 359 bcf vs a draw of 206 bcf in the prior week...
- Working gas in storage was 2,767 Bcf as of Friday, January 5, 2018, according to EIA estimates. This represents a net decrease of 359 Bcf from the previous week. Stocks were 415 Bcf less than last year at this time and 382 Bcf below the five-year average of 3,149 Bcf. At 2,767 Bcf, total working gas is within the five-year historical range.