The S&P 500 finished flat on Tuesday in what was another
roller-coaster session, driven by shifts in sector leadership, a 7.2% plunge in
oil prices to $46.57 per barrel, and lingering uncertainty surrounding trade,
monetary policy, the economic growth outlook, and the budget battle in
Washington to keep the government open.
The following companies were scheduled to report earnings this afternoon: ABM, FDX, MU, SCS, AIR, JBL.
Futures are lower after hours: S&P 500 futures are -18.00 vs. fair value of 2,550 and Nasdaq-100 futures are -54.0 vs. fair value of 6,515.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Applications Index (Consensus NA vs. 1.6% in the prior week), Current Account Balance (Consensus -$126.0B vs. -$101.5B in the prior month).
The following companies are scheduled to report earnings tomorrow morning: NCS, GIS, PAYX, WGO.
Looking over at the energy, space, following today's plunge in crude oil, the weekly API data was released.
- Crude Inventories had a build of 3.452 million barrels
- Prior week had a draw of -10.18 million barrels
- Gasoline Inventories had a build of 1.767 million barrels
- Prior week had a draw of -2.484 million barrels
- Distillate Inventories had a draw of -3.442 million barrels
- Prior week had a build of +0.712 million barrels
- Cushing had a build of 1.063 million barrels
- Prior week had build of +0.642 million barrels
Tomorrow morning at 10:30am ET, the EIA will release its weekly petroleum storage data.