swung sharply on Wednesday afternoon following the release of the Fed's latest
policy directive, which increased the fed funds target range by 25 basis points
to 1.50%-1.75%. The S&P 500, the Nasdaq Composite, and the Dow Jones
Industrial Average eventually settled with modest losses between 0.2% and 0.3%,
but the small-cap Russell 2000 outperformed, finishing with a gain of 0.6%.
Today after the close the following companies are scheduled to report: WPM, GES, QADA, ALTR, FIVE, SCHL, MLHR.
Futures are higher after hours: S&P 500 futures are +2.00 from the fair value of 2715 and Nasdaq100 futures are +6.50 from fair value of 6874.
Tomorrow morning, economic reports scheduled to be released include: Initial Claims (08:30am ET, consensus 225K vs. 226K in the prior week), Continuing Claims (08:30am ET, consensus NA vs. 1879K in the prior week), FHFA, Housing Price Index (09:00am ET, consensus 0.4% vs. 0.3% in the prior month).
Tomorrow before the open the following companies are scheduled to report earnings: SECO, NOMD, MIK, GIII, LE, JKS, CCL, DRI, ACN, CAG, CMC, NEOG.
Looking at the energy markets:
- The EIA reported petroleum data for the week ending Mar 16th:
- Crude oil inventories showed a draw of 2.62 million barrels
- Gasoline inventories had a draw of 1.7 million barrels Distillate inventories had a draw of 2.0 million barrels
- Oil prices got a boost from the weekly API data that was released yesterday and those gains extended today following the weekly EIA crude oil storage data.