S&P 500 increased as much as 0.6% on Wednesday, as continued optimism that
U.S.-China trade talks were progressing favorably underpinned another
broad-based rally. The benchmark index, however, fell off morning highs and
spent a good portion of the day trying to get back to its best levels. It nearly did, but a wave of selling activity
in the final 30 minutes knocked it back again. The S&P 500 ended the session up 0.3%.
The following companies were scheduled to report earnings this afternoon: AKR, ARI, ASGN, EFX, EQC, FNF, FR, NGVT, OII, PS, SNBR, CXP, REG, FCPT, KAI, OIS, TCO, WCN, BAND, H, MGM, SPWR, AIG, AMGP, AR, CF, CRY, FRT, HCP, NLY, NPO, PPC, WMB, ARES, BCOV, CHEF, EQIX, HR, SKT, STAG, ANDE, BKD, CTRE, IFF, IVC, LPI, PGRE, RYAM, DIOD, PXD, QDEL, QTWO, DVA, FOSL, IMMU, KGC, MFC, MRO, NUS, SLF, TCX, VNDA, CTL, SWIR, TRUP, TSE, YELP, REZI, SVMK, CPA, CSCO, NTAP, PRSP.
Futures are lower higher after hours: S&P 500 futures are -3.88 vs. fair value of 2,753 and Nasdaq-100 futures are -3.12 vs. fair value of 7,020.
Tomorrow morning, economic reports scheduled to be released include: Retail Sales (08:30am ET, 0.2% Consensus vs. 0.2% in the prior month), Retail Sales ex-auto (08:30am ET, 0.1% Consensus vs. 0.2% in the prior month), PPI (08:30am ET, 0.1% Consensus vs. -0.2% in the prior month), Core PPI (08:30am ET, 0.2% Consensus vs. -0.1% in the prior month), Initial Claims (08:30am ET, 225K Consensus vs. 234K in the prior week), Continuing Claims (08:30am ET, NA Consensus vs. 1736K in the prior week).
The following companies are scheduled to report earnings tomorrow morning: GTLS, POOL, SON, IQV, ALKS, ARCH, DGX, SIX, TRU, IRM, PDS, WST, AAN, BGCP, BWA, CCEP, CME, COWN, EQM, EQT, FAF, LECO, MTRN, PATK, WM, WSO, R, SMP, BLMN, AER, INCY, KO, VMC, WLH, AEE, BCOR, GNRC, PBF, PBFX, STFC, STNG, AGIO, ALE, AVP, DNOW, EEX, EPAM, GLOG, HPP, MGP, THS, TPX, TRP, ZTS, DUK, TRTN, ZBRA, AZN, CYBR, GEO, NICE, NSIT, SMI, BAM, CBB, HII, MLCO, TU, GOOS, MANU, YETI, NCS.
Looking at the energy space:
The weekly EIA energy data was released. EIA petroleum data for the week ended Feb 8:
- Crude oil inventories had a build of 3.6 mln from the prior
- Prior week showed a build of 1.3 mln
- Gasoline Inventories had a build of 0.4 million barrel
- Prior week had a build of 0.5 million barrels
- Distillate Inventories had a build of 1.2 mln
- Prior week had a draw of 2.3 of million barrel