The major averages opened the shortened week on a losing note, succumbing to profit-taking activity in the face of some political angst. The S&P 500 finished Tuesday's session 0.3% lower, while the Nasdaq (-0.6%) and Russell 2000 (-1.4%) underperformed, weighed down principally by losses in the financial, semiconductor, transportation, and biotech groups.
Today after the close the following companies are scheduled to report: CSX, UAL, ADTN, FULT, HBHC, IBKR, LLTC, PNFP, RNST.
Futures are mixed after hours: S&P 500 futures are -0.25 from the fair value of 2262 and Nasdaq100 futures are +0.5 from fair value of 5040.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Index (07:00 ET), CPI (08:30 ET; Briefing.com consensus 0.3%), Core CPI (08:30 ET; Briefing.com consensus 0.2%), Industrial Production (09:15 ET; Briefing.com consensus 0.6%), Capacity Utilization (09:15 ET; Briefing.com consensus 75.4%), NAHB Housing Market Index (10:00 ET), Fed's Beige Book (14:00 ET), & Net Long-Term TIC Flows (16:00 ET)
Tomorrow before the open the following companies are scheduled to report earnings: FAST, C, CBSH, SCHW, ASML, GS, NTRS, USB, AMTD.
In extended trading, Gigamon (GIMO) is down more than 20% after the company said it expected fourth quarter revenues to fall short of its previous projections, citing lower than expected product bookings in its North America West region. CSX (CSX), United Continental (UAL), & Interactive Brokers (IBKR) are each dough roughly 2% following the release of their quarterly results. Elsewhere, Jazz Pharma (JAZZ) is down nearly 10% after the FDA approved the first generic version of the company's Xyrem (sodium oxybate) Oral Solution.