S&P 500 lost 0.2% on Wednesday in a lackluster trading session. The
benchmark index traded with modest losses nearly the entire day with price
action dictated by the underperformance of the entertainment software stocks,
the outperformance of the semiconductor stocks, and an underlying sense that
the market was due for a breather.
The following companies were scheduled to report earnings this afternoon: CCK, EGP, WERN, MC, IRBT, AHL, CCMP, CUZ, ECHO, EFX, ELY, ORLY, CINF, CMG, NOV, NTGR, BLKB, CDAY, KNL, AINV, FEYE, FLT, TTMI, ENSG, FORM, NXPI, RGLD, RYN, ZNGA, ACLS, AOSL, DHT, FTNT, GPRO, LNC, MET, PCTY, TRMB, AEL, NTR, VVV, ICHR, MTCH, NEWR, PAHC, PSEC, TWO, CSGS, ENS, FLO, IMMU, LCI, MTRX, OSUR, PRU, PSDO, TTGT, UHAL, CUB, SONO, ENTA, CENT, GBDC, HQY.
Futures are lower after hours: S&P 500 futures are -3.38 vs. fair value of 2,731 and Nasdaq-100 futures are -11.75 vs. fair value of 7,001.
Tomorrow morning, economic reports scheduled to be released include: Initial Claims (08:30am, Consensus 220K vs. 253K in the prior week), Continuing Claims (08:30am, Consensus NA vs. 1782K in the prior week).
The following companies are scheduled to report earnings tomorrow morning: ADS, SNA, GRA, DNKN, DTE, LH, PRLB, PTEN, COR, EIGI, GRUB, ODFL, PAG, SPGI, TWTR, WWE, TKR, FCAU, MAS, SNY, TMUS, TPR, CDW, ICE, MAC, MD, PBH, YUM, AMAG, ARW, BCE, BSIG, CEIX, HBI, LCII, MPC, MPLX, MPW, PENN, SEE, VSTO, WLTW, BR, LABL, VIRT, ANDX, CNHI, TGI, CAH, HAIN, MLCO, WMS, ADNT, EPC, TSN, SPB, MMS, BV.
Moving over to the energy space, the American Petroleum Institute (API) released its weekly storage data.
EIA petroleum data for the week ended Feb 1:
- Crude oil inventories had a build of 1.3 million
from the prior week
- Prior week showed a build of 0.9 million
- Gasoline Inventories had a build of 0.5 million
- Prior week had a draw of 2.2 million barrels
- Distillate Inventories had a draw of 2.3 million
- Prior week had a draw of 1.1 of million barrel